Scribd
Upload
477 views

Variables and Questionnaire

The document contains questions related to inventory management, demand forecasting, order fulfillment, and networked inventory management. It discusses key variables and concepts for each topic such as forecast performance, average inter-order interval, forecast horizon, order size, demand variability, inventory cost, shortage penalty cost, inventory holding cost, ordering cost, customer service level, demand rate, production rate, economic production quantity, time horizon, order to cash cycle time, order fill rate, order completeness, statistical inventory control, base stock control, materials and distribution requirements planning, line requirements planning, lot size, annual holding cost, annual ordering cost, demand rate, forecasting error, and time series. Participants are asked to rate their level of agreement with statements

Uploaded by

Madiha Khan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
477 views

Variables and Questionnaire

The document contains questions related to inventory management, demand forecasting, order fulfillment, and networked inventory management. It discusses key variables and concepts for each topic such as forecast performance, average inter-order interval, forecast horizon, order size, demand variability, inventory cost, shortage penalty cost, inventory holding cost, ordering cost, customer service level, demand rate, production rate, economic production quantity, time horizon, order to cash cycle time, order fill rate, order completeness, statistical inventory control, base stock control, materials and distribution requirements planning, line requirements planning, lot size, annual holding cost, annual ordering cost, demand rate, forecasting error, and time series. Participants are asked to rate their level of agreement with statements

Uploaded by

Madiha Khan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 7

Variables and Questionnaire

Group No. 8 Topic: Inventory Management, demand forecasting & order fulfillment.

Scale
1 Strongly Disagree 2 Disagree 3 Neither disagree nor agree 4 Agree
Strongly Agree

1. Forecasting for Items with Intermittent Demand


(F. R. JOHNSTON and J. E. BOYLAN)

Forecast performance Average inter-order interval Forecast horizon (time lead) Order size Demand variability

Questions 1. Unexpected orders cause rapid slow down in forecast performance?


1 2 3 4 5

2. If the interval between the two orders is comparatively large, it will improve the forecasting of demand?
1 2 3 4 5

3. Order size directly affects forecasting pattern and planning?


1 2 3 4 5

4. Time interval between two orders is an important predictor of the demand?


1 2 3 4 5

5. Fluctuations in demand restrict more customization for differing needs of customers?


1 2 3 4 5

2. Selecting the best periodic inventory control and demand forecasting methods for low demand items
(B Sani and BG Kingsman) o o o Annual inventory cost Shortage penalty cost Inventory holding cost Ordering cost Customer service level

Variation in demand level

Questions: 1. Service level is more improved when there is large stock of inventory?
1 2 3 4 5

2. If the vendor is in short of a particular item, it would affect the demand in customer market?
1 2 3 4 5

3. Out of stock items contribute to forecasting demand more precisely?

4. Low and intermediate demand levels tend to reduce inventory cost?

5. Variation in demand increases inventory holding cost?


1 2 3 4 5

3. Integrated versus non-integrated inventory management


(Nasim Nahavandi and Farzad Haghighi Rad) o Independent business units o Integrated inventory system Demand rate Production rate Inventory holding cost Time horizon Economic production quantity

Questions: 1. If organizational structure would have been changed to independent business units, how it would affect the market demand of a particular product?
1 2 3 4 5

2. Economic production quantity can be correctly estimated by forecasting methods?

3. Inventory holding cost is sharply reduced when the production rate is high?
1 2 3 4 5

4. Integrated inventory system can be a helpful approach for reducing costs?


1 2 3 4 5

5. Separate business units along with independent inventory management can generate more returns in terms of profits?
1 2 3 4 5

4. The Order fulfillment process


(Keely L. Croxton) o Strategic order fulfillment process o Operational order fulfillment process o Process interfaces Order to cash cycle time Order fill rate Oder completeness

Questions: 1. Order fulfillment is a function of logistics or it is a process of supply chain in the organization?
1 2 3 4 5

2. Is the cost most important factor in fast delivery of products?


1 2 3 4 5

3. Multiple sets of customer requirements and specifications can lead to increase cost and lead time for fulfilling the orders?
1 2 3 4 5

4. Efficient supply chain design can increase cost and inventory levels?
1 2 3 4 5

5. The application of automation and technology is beneficial in order fulfillment process?


1 2 3 4 5

6. Once the orders are received, order flow is critical to be planned?


1 2 3 4 5

5. Networked inventory management information systems: materializing supply chain management


(Martin Verwijmeren, Piet van der Vlist and Karel van Donselaar, 1996) Increasing customer requirements Need for networked organizations Opportunity of networked inventory management

o Statistical inventory control (SIC) o Base stock control (BSC) o Materials and distribution requirements planning (MRP/DRP) o Line requirements planning (LRP) Questions: 1. Is networked inventory a good way to manage differentiated needs of customers?
1 2 3 4 5

2. If the forecasted demand meets some errors, it will make information flow weaker throughout the supply chain?
1 2 3 4 5

3. Material and distribution requirements are dependent on integration of information and inventory?
1 2 3 4 5

4. MRP system is helpful in co-ordination of stock points in networked inventory management?


1 2 3 4 5

5. Uncertainty can be lowered down and supply chain can be more efficient if an integrated decision system is applied?
1 2 3 4 5

6. Networked inventory management system can provide greater product variety and more customer satisfaction?
1 2 3 4 5

Questions taken from book

Operations Management (Lee J. Krajewski, Ritzman, Malhotra)


Inventory Management Economic order quantity Lot size Annual holding cost Annual ordering cost

Questions: 1. Inventory holding cost goes up when ordering and setup cost is decreased down?
1 2 3 4 5

2. Demand rate in customer market can affects economic order quantity?


1 2 3 4 5

3. When the supply is reduced down, ordering cost is also decreased and inventory turnover is increased?

Forecasting Time series Demand rate Forecasting error

Questions: 1. Forecasting error tends to be larger when demand rate is variable?

2. When historical data are available to forecast a demand pattern, it will lead to more forecasting errors?
1 2 3 4 5

3. The best way to improve forecast accuracy is to focus on reducing forecast error?
1 2 3 4 5

You might also like