Chapter 4: Q6PE. (page 554)
Question: Term used to describe demand that is uncertain and needs to be forecast.
Short Answer
Answer
Independent demand is used to describe demand that is uncertain and needs to be forecasted.
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Chapter 4: Q6PE. (page 554)
Question: Term used to describe demand that is uncertain and needs to be forecast.
Answer
Independent demand is used to describe demand that is uncertain and needs to be forecasted.
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Question: A term used for delivering ERP services on demand over the Internet.
Question: This is a type of forecast used to make long-term decisions, such as where to locate a warehouse or how many employees to have in a plant next year?
Many practitioners currently update MRP weekly or biweekly. Would it be more valuable if it were updated daily? Discuss.
If the tracking signal for your forecast was consistently positive, you could then say this about your forecasting technique?
Question: Under which conditions would a plant manager elect to use a fixed order quantity model as opposed to a fixed–time period model? What are the disadvantages of using a fixed–time period ordering system?
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