Knowledge quiz

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

Which are three functionalities, supported by SAP IBP for inventory, which are not present within the SAP IBP for sales and operations module?

Choose the correct answer.

Single-stage inventory optimizer; multi-echelon (multistage) inventory optimization, and inventory break down.

Advanced statistical forecast, demand sensing, and product life cycle management.

Strategic decoupling, simple statistical forecast, and sales input consolidations.

Can we deploy inventory planning and optimization processes using SAPIBP1?

Choose the correct answer.

Yes, because SAPIBP1 is a sample planning area that covers processes from demand to management business review.

No, because SAPIBP1 is only for demand-driven replenishment processes.

How can we handle historical data before we optimize with SAP IBP for inventory?

Choose the correct answer.

Via ad hoc formulas in Excel.

Through missing data recognition, via outlier detection, and through forecast bias identification.

We do not need to handle the data because the data is always right.

What is an ABC/XYZ Analysis?

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ABC/XZY segmentation is the prioritization of planning objects based on their relative importance.

ABC/XYZ segmentation is the classification of planning objects based on their demand volatility.

ABC/XYZ segmentation is the method of grouping planning objects based on the values of a selected key figure.

What are the common five steps within a sales and operations process?

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Review, demand planning, supply execution, operations, and execution.

Machine review, portfolio review, demand review, operational sales and operations, and executive machines and resources.

Product review, demand review, supply review, operational sales and operations, and executive sales and operations.

Inventory planners take care of the following processes:

Choose the correct answer.

Designing the inventory planning processes, characterizing the inventory optimization technology, controlling the results of the process in terms of inventory, considering working capital implications and ensuring supply chain reliability.

Calculate forecast and supply quantities.

What is forecast error?

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Forecast error is the difference between forecast and actual sales.

Forecast error is an ad hoc error which cannot be estimated.

What does SAP IBP for inventory calculate?

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Provide master data for inventory calculations as lead time, lead time variance, and lot sizes.

Calculate inventory parameters as: recommended safety stock, target inventory position, reorder point, and target service level.

Delivers forecast and the forecast coefficient of variance.

What is forecast error variability in this context?

Choose the correct answer.

Variability is a number which is not necessary within the supply chain.

Variability is the quality of being variable in the time. In this context, the forecast error variability is the measure of the forecast error fluctuations over time.

10.

What is demand variability in this context?

Choose the correct answer.

This is the measure of demand fluctuations over time.

A unit of measure to convert prices, currencies and international unit of measures.

Neither of these options.