Demand Forecasting in Supply Chain

Auto audio on: the next questions will be read aloud when you click Continue.

1. 1

   What is the primary goal of demand forecasting?

   A To predict future customer demand to ensure supply chain efficiency B To calculate production costs accurately C To execute logistic processes faster
2. 2

   Which data can be crucial for accurate demand forecasting?

   A Employee satisfaction surveys B Historical sales data and market trends C Inventory records from competitors
3. 3

   What method uses past sales data to forecast future sales?

   A Qualitative forecasting B Delphi method C Time series analysis
4. 4

   Which type of demand forecasting is best for new product launches?

   A Quantitative forecasting B Qualitative forecasting C Time series forecasting
5. 5

   What demand forecasting method involves input from multiple experts to reach a consensus?

   A Delphi method B Market surveys C Time series analysis
6. 6

   What does 'bullwhip effect' refer to in demand forecasting?

   A A steady increase in product demand over time B Increased variability in forecasts across the supply chain C Consistent demand over successive periods
7. 7

   Which strategy helps mitigate the bullwhip effect?

   A Improving information sharing B Reducing market analysis activities C Decreasing production speed
8. 8

   Which is not a key component of demand forecasting?

   A Demand planning B Data analysis C Employee performance reviews
9. 9

   What role does software play in demand forecasting?

   A To automate and enhance accuracy of forecast calculations B To replace human judgment C To supervise supply chain logistics
10. 10

    How does demand forecasting impact customer satisfaction?

    A By ensuring all customer feedback is positive B By aligning inventory levels with customer demand C By reducing production costs only