In a standard cost environment, which of the following labor reporting is most important to a continuous improvement program?

At times, data used to forecast will be of poor quality. Which of the following would be the correct action for the stated data quality problem?
I. Filter and adjust for abnormal demand
II. Accept data omissions and plan around them
III. Accept normal variations in the data
IV. Substitute for data omissions

The production forecast:

Listed below is the history of demand for a product.
Forecast for May: 100
Actual May: 150
Actual June: 155
Actual July: 140
Actual August: 153
Using single exponential smoothing with an alpha of .10, what would the smoothed average be at the end of August?

What should the level of accuracy be in a forecast?

In deciding which forecasting technique to use, a company＇s management must take many factors into account. Which of the following must be considered?
I. The cost versus the value of the forecast
II. The order promising policy
III. The degree of accuracy necessary

A panel of experts are assembled and asked to fill out questionnaires about your business. The questionnaires are then used to produce another set of questionnaires which are then distributed to the panel again. Which forecasting method is being used?

Long-range forecasts are associated with which of the following techniques?
I. A small number of products or families
II. Recurring or periodic data
III. Qualitative techniques are used more frequently than short range forecasts
IV. External data

If the sum of the forecast errors is 100 for four periods, what should the safety stock level be for a 95% service level? (Round to nearest whole number)

Every company should have a set of functional plans synchronizing activities across functions that specify production levels, capacity levels, staffing levels, funding levels, etc. to achieve the intermediate goals and objectives of the organization. This plan would be called the:

A distribution network structure is the: