Knowledge quiz

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

Are service levels predictions carried out using forecast algorithms?

Choose the correct answer.

No.

Yes.

After having activated a target inventory components calculation, why do you use a single-stage inventory optimization?

Choose the correct answer.

You use the Decomposed (single-stage) inventory optimization operator to calculate recommended safety stock and target inventory position values locally for each product-location combination.

You use the Decomposed (single-stage) inventory optimization operator to calculate recommended safety stock and target inventory position values locally for each product-location combination instead of a global inventory optimization.

Why do you use the target inventory components calculation?

Choose the correct answer.

You use the Calculate Target Inventory Components operator to calculate the types of inventory that comprise the total inventory for a given item to support a more granular inventory optimization calculation.

You do not use the Calculate Target Inventory Components operator to calculate the types of inventory that comprise the total inventory for a given item to support a more granular inventory optimization calculation.

Which special characteristics are being supported by the target inventory optimization?

Choose the correct answer.

It supports minimum stock requirements and cost per unit as inputs; It supports sub-network (PLUNITID) filters in Batch Mode; it supports unit of measure conversion for input and output key figures; and, it supports production and transportation lot size periods of coverage for PBR.

There are not special characteristics supported by a TIC.

What is the main purpose of the Multi-Stage Network Operator?

Choose the correct answer.

Calculate a multi-echelon inventory plan.

Visualize dependencies of nodes within the network.

In multi-stage supply chains, stages are linked together. Which is the interaction between the downstream and upstream sides in terms of service level?

Choose the correct answer.

There is no influence.

There are not two sides.

The upstream service level has an impact on the ability to meet the service level downstream.

A multistage inventory optimization implies a process which occurs simultaneously. Why should different stages share the risk?

There are two correct answers.

To propagate demand from downstream to upstream

To model the impact of the Internal Service Level (ISL) decision of the upstream stage at the downstream stage

Which are the four safety stock drivers in terms of variability?

Choose the correct answer.

1) Forecast error variability, 2) Service variability, 3) Lead time variability, and 4) Supply quantity variability

There is not uncertainty within the supply chain. Therefore, we do not need to model variability.

Do the inventory operators run a master data quality check?

Choose the correct answer.

Yes

Maybe

10.

What does the single-stage inventory optimization do?

Choose the correct answer.

Anything at all.

Only two things

It runs simulations when you want to determine the impact on recommended safety stock for local changes to input key; it produces missing data when you have an individual node of the supply chain with incomplete inventory data; it calculates values for a scope defined by the planning filters or Excel view filters; and, it supports unit of measure conversion for input and output key figures.