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Question ID 3407

You and your client determined that forecasting methods included with inventory will be sufficient to meet the client's needs. You and the customer have decided to use Focus Forecasting to begin with and move to Exponential Smoothing after one year. Along the way, your customer noticed some definite trends in demand and has requested your help to re-evaluate the forecasting method.
What do you recommend as a forecasting method? What additional information is needed, if any?
 

Option A

A.    Focus Forecasting
 

Option B

B.    Exponential Smoothing
 

Option C

C.    Exponential Smoothing with Trend Enhanced Forecasting, Alpha and Beta Coefficients
 

Option D

D.    Exponential Smoothing with Season Enhanced Forecasting, Alpha and Beta Coefficients
 

Option E

E.    Exponential Smoothing with Season Enhanced Forecasting, Alpha and Gamma Coefficients
 

Correct Answer C
Explanation


Question ID 3408

Beyond the shelf life days, active lots become expired lots. Expired lots _____ .
 

Option A

A.    can be reserved
 

Option B

B.    are not allowed to do subinventory transfer
 

Option C

C.    are not included in inventory valuation reports
 

Option D

D.    cannot be transacted and included in on-hand quantities
 

Option E

E.    are not included in cycle and physical counting adjustments
 

Option F

F.    are not considered as on-hand supply for min-max and re-order point planning
 

Correct Answer F
Explanation

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