Demand Forecasting and Planning MCQs in Supply Chain

MCQs on Demand Forecasting and Planning in Supply Chain

1. What is the primary objective of demand forecasting in supply chain management?
   • a) To increase the number of suppliers
   • b) To predict future customer demand
   • c) To reduce employee turnover
   • d) To maximize marketing efforts
   • Answer: b) To predict future customer demand
2. Which of the following is NOT a common method of demand forecasting?
   • a) Qualitative methods
   • b) Quantitative methods
   • c) Benchmarking
   • d) Time series analysis
   • Answer: c) Benchmarking
3. What is the purpose of a sales and operations planning (S&OP) process?
   • a) To increase inventory levels
   • b) To align production and supply with demand forecasts
   • c) To reduce marketing costs
   • d) To enhance supplier relationships
   • Answer: b) To align production and supply with demand forecasts
4. Which of the following best describes a moving average forecast?
   • a) A forecast based on historical data adjusted for seasonal variations
   • b) A method that assigns different weights to past observations
   • c) An average of a fixed number of past periods to predict future demand
   • d) A technique that uses linear regression to predict future values
   • Answer: c) An average of a fixed number of past periods to predict future demand
5. Which factor is typically NOT considered in demand forecasting?
   • a) Historical sales data
   • b) Market trends
   • c) Competitor pricing
   • d) Employee preferences
   • Answer: d) Employee preferences
6. What is the key benefit of accurate demand forecasting?
   • a) Increased supplier base
   • b) Reduced stockouts and overstock situations
   • c) Higher employee satisfaction
   • d) Lower transportation costs
   • Answer: b) Reduced stockouts and overstock situations
7. Which of the following is a qualitative forecasting method?
   • a) Exponential smoothing
   • b) Linear regression
   • c) Delphi method
   • d) Moving average
   • Answer: c) Delphi method
8. What does the term “seasonality” refer to in demand forecasting?
   • a) The long-term trend of increasing demand
   • b) Random fluctuations in demand
   • c) Regular patterns of demand changes that repeat over time
   • d) The impact of promotional activities on demand
   • Answer: c) Regular patterns of demand changes that repeat over time
9. Which forecasting technique uses past sales data to predict future demand by giving more weight to recent observations?
   • a) Naive forecast
   • b) Simple moving average
   • c) Exponential smoothing
   • d) Regression analysis
   • Answer: c) Exponential smoothing
10. What is demand planning in the context of supply chain management?
    • a) The process of selecting suppliers based on demand forecasts
    • b) The activity of optimizing production schedules
    • c) The process of forecasting demand and aligning it with production and supply capabilities
    • d) The task of setting prices based on demand
    • Answer: c) The process of forecasting demand and aligning it with production and supply capabilities

More MCQS on Management Sciences

1. Green supply chain management MCQs 
2. Sustainable Operations and Supply Chains MCQs in Supply Chain
3. Decision support systems MCQs in Supply Chain
4. Predictive analytics in supply chains MCQs in Supply Chain
5. Data analysis and visualization MCQs in Supply Chain
6. Supply Chain Analytics MCQs in Supply Chain
7. Demand management MCQs in Supply Chain
8. Sales and operations planning (S&OP) MCQs in Supply Chain
9. Forecasting techniques MCQs in Supply Chain
10. Demand Forecasting and Planning MCQs in Supply Chain
11. Contract management MCQs in Supply Chain
12. Strategic sourcing MCQs in Supply Chain
13. Supplier selection and evaluation MCQs in Supply Chain
14. Procurement and Sourcing MCQs in Supply Chain
15. Just-in-time (JIT) inventory MCQs in Supply Chain
16. Economic order quantity (EOQ )MCQs in Supply Chain
17. Inventory control systems MCQs in Supply Chain
18. Inventory Management MCQs in Supply Chain
19. Total quality management (TQM) MCQs in Supply Chain
20. Quality Management MCQs in Supply Chain
21. Material requirements planning (MRP) MCQs in Supply Chain
22. Capacity planning MCQs in Supply Chain
23. Production scheduling MCQs in Supply Chain
24. Production Planning and Control MCQs
25. Distribution networks MCQs in Supply Chain
26. Warehousing and inventory management MCQs in Supply Chain
27. Transportation management MCQs in Supply Chain
28. Logistics Management MCQs in Supply Chain
29. Global supply chain management MCQs in Supply Chain
30. Supply chain strategy and design MCQs in Supply Chain
31. Basics of supply chain management MCQ in Supply Chains
32. Supply Chain Management MCQs
33. Introduction to Operations Management MCQs in Supply Chain
34. Fundamentals of operations management MCQs 
35. Operations & Supply Chain Management MCQs
36. Business Intelligence MCQs
37. distributed computing frameworks MCQs
38. Handling large datasets MCQs
39. Big Data Analytics MCQs
40. neural networks, ensemble methods MCQs
41. Introduction to algorithms like clustering MCQs
42. Machine Learning MCQs
43. time series forecasting MCQs
44. decision trees MCQs
45. Modeling techniques such as linear and logistic regression MCQs
46. Predictive Analytics MCQs
47. Power BI MCQs
48. using tools like Tableau MCQs
49. Techniques for presenting data visually MCQs
50. Data Visualization MCQs
51. Data manipulation, MCQs
52. SQL queries, MCQs
53. Database fundamentals, MCQs
54. Data Management and SQL, MCQs
55. regression analysis, Mcqs
56. inferential statistics, Mcqs
57. descriptive statistics, Mcqs
58. Probability theory, Mcqs
59. Statistics for Business Analytics
60. regression analysis, Mcqs
61. inferential statistics
62. descriptive statistics, Mcqs
63. Probability theory, Mcqs
64. Statistics for Business Analytics
65. Management Sciences MCQs