Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

If we compare the real world to the traditional approach for inventory planning and optimization, what describes the real world?

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it is deterministic, isolated single stage and stationary.

The real world is stochastic, multistage, time varying. The real world implies a comprehensive data model, an enterprise scale and a dynamic and integrated (online) analysis.

Which of the following option strikes a balance between the service levels an organization provides its customers, inventory levels, inventory holding costs?

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Inventory Optimization

Demand Sensing

Inventory Management

Delivery performance

What is the third key enabler of SAP IBP for Inventory from previous lessons?

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Key enabler # 3: Comprehensive insights into different types of stock and their drivers.

This third key enabler is not necessary because it is adding additional steps to the inventory planning

Drivers with non-comprehensive insights

What does SAP IBP for inventory achieve?

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A powerful module that we can deploy, isolated or in combination with other modules

SAP IBP for inventory achieves the right balance between service levels and inventory investment. Through the execution of optimization algorithms encapsulated within the inventory planning process in SAP IBP for inventory, companies can estimate the investment per customer service level, finding the optimal level for the enterprise and customers. Investments should be adjusted accordingly.

Only numbers which are hard to interpret

What is inventory optimization according to the last lesson?

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A problem in the supply chain which does not add value to the core processes.

An unnecessary step that causes additional costs.

Inventory optimization is the science of calculating inventory targets to meet desired service goals, at the lowest inventory cost possible, and across the entire supply chain.

Which definition describes the fourth key enabler of SAP IBP for Inventory?

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Real-Time What-if simulation and comparison.

Key enabler #4: Only one function to simulate without versions and scenarios comparison.

Why is SAP IBP for inventory so different?

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Because it has four key differentiators: one tool, one model; multistage inventory optimization; inventory targets for every level; and, real-time what-if scenario planning.

This module is a part of SAP IBP. It is only connected to SAP IBP for demand.

There are no possibilities to integrate this module with other modules within the SAP IBP.

What is the first key enabler within SAP IBP for Inventory according to the studied lesson?

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Key enabler #1, End to end Supply Chain Planning in one tool: Validate data inputs; run and review an inventory plan; run a what-if scenario analysis; and, finalize the inventory plan

Key enabler #1, The first key enabler is a tool to transform inventory signals in sold products

Name all types of inventory classified by the purpose for which it is kept according to the last lesson.

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Pipeline stock, cycle stock, anticipation stock, safety stock, hedging inventory, seasonal inventory, and obsolete inventory.

Pipeline stock, cycle stock, anticipation stock, and hedging inventory.

Obsolete inventory, seasonal inventory, cycle stock, and pipeline stock.

10.

What is inventory according to the studied lesson?

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A headache in the supply chain.

A signal to balance demand and supply without considering fluctuations.

Inventory can be understood as all materials held for use in the future, either for sales or in the production process.