Knowledge quiz

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

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.

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.

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.

Which one of the following SAP IBP components is used for allocations planning and order rescheduling?

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SAP Integrated Business Planning for demand

SAP Integrated Business Planning for inventory

SAP Supply Chain Control Tower

SAP Integrated Business Planning for response and supply

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.

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

Which is the second key enabler within SAP IBP for inventory according to the last lesson?

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Key enabler # 2: Single stage inventory planning

Key enabler # 2: Multistage Inventory Optimization

Inventory Target decomposition

What decisions are we making in inventory planning and optimization?

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How much inventory (where and from which materials/products?) do I need to minimize cost and maximize end-customer inventory availability (service level)?

How many tiers do we need to optimize the supply chain?

How many machines do we need to shift unnecessary products from one location to other one?

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.

10.

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

Choose the correct answer.

Inventory Optimization

Demand Sensing

Inventory Management

Delivery performance