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  11) Forecasts based on judgment and opinion do not include which of the following? A) Customer surveys B) Delphi method C) Averaging techniques D) Greenfield forecasting 12) Which of the following is not a step in the forecasting process? A) Identify the purpose for our forecast B) Determine the time horizon for the forecast C) Determine feasible capacity.

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  •   11) Forecasts based judgment and opinion do not include which
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  6) A collaborative relationship with the supplier is usually recommended for the procurement of an item for which the supply risk is high. 7) Switching costs are usually high in collaborative supplier relationships. 8) Which is the first step in the supplier management process? A) Identify needs B) Select supplier C) Develop supplier D) Provide feedback 9).

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  •   6) A collaborative relationship with the supplier usually recommended for
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  11) Products that are waiting to be sold to customers are known as A) finished goods inventory. B) work-in-process inventory. C) make-to-stock inventory. D) make-to-order inventory. 12) Inventory that is completed and placed into inventory for sale at a later date is known as A) buffer inventory. B) work-in-process inventory. C) make-to-stock inventory. D) make-to-order inventory. 13) Products sent directly.

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  •   11) Products that waiting to be sold to customers known
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  6) Producing extra inventory during periods of low demand, which is then consumed during periods of high demand is known as A) production smoothing. B) production hedging. C) production buffering. D) production stocking. 7) In fixed time period inventory models, inventory is reordered A) as required. B) when stock reaches a predetermined level. C) at regular time intervals. D).

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  •   6) Producing extra inventory during periods of low demand, which
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1) The first step in the supplier development process is to identify opportunities for development. 2) Cross-functional teams are an integral part of the supplier development process. 3) The supplier development process is the sole responsibility of mid-level management. 4) Engineering personnel are typically included as members of a cross-functional supplier development team. 5).

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  • 1) The first step in the supplier development process to
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1) Removing the seasonal component from a historical demand (de-seasonalizing) can be accomplished by dividing each data point by its appropriate seasonal index. 2) If a pattern appears like cycles or seasonality when a dependent variable is plotted against time, one should use time series analysis instead of regression analysis. 3) Seasonal.

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  • 1) Removing the seasonal component from a historical demand (de-seasonalizing)
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