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The RSFE and MFE are used to measure ______ in forecast error.

Time series methods are quantitative methods based on assumption that ______ demand is reflected in _________ demand patterns.

When faced with a stock-out, which behavior is least likely?

Responsiveness in the 4 R’s of supply chain competition is defined as being able to _________________.

A company operates 365 days a year. Annual inventory turns is 24.  How many days of supply does that represent?  Formula:  Inventory/Cost of Goods Sold

Average inventory last year was $100,000 and turns were 5.  What was cost of goods sold last year?  Formula:  Cost of Goods Sold/Inventory

Judgmental methods are __________ forecasting approaches.

_____________________tells you the percentage of demand fulfilled from on hand inventory.

Assume an item is in stock for 2 weeks but out of stock on the third week. We could use this information to calculate __________________.

You have 60 minutes to complete this exam. The exam contains 50 multiple choice questions. You may NOT have open book, open notes, or open web. You may have scratch paper and a calculator. You may NOT use your phone as a calculator. Good luck!