Knowledge quiz

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

What can you do through global parameters for inventory planning and optimization?

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Define inventory operators-related parameters globally.

Define inventory operators-related parameters on product-location-customer level.

Change behavior of planning views via the excel-based settings.

What are the planning outputs from SAP IBP for inventory?

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Target orders, target supply, cycle demand, and service stability.

Stock surplus, cycle supply, service variability, reorder point, demand variability, and safety stock.

Safety stock, demand variability, supply variability, service variability, cycle stock, on-hand stock, pipeline stock, in-process stock, vendor in-transit stock, reorder point, and target inventory position.

What does the target inventory position mean?

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Optimal inventory placement is based on inventory forms and purposes, that is, on inventory components. Inventory components comprise the total inventory for a given product.

Uncertainties multiply across the supply chain due to the interdependency between suppliers, plants, warehouses, and customer sites.

The correct target inventory position (TIP) for a location is the amount of inventory needed to meet current requirements to meet future demand until the next order is received and to cover demand uncertainty. TIP is calculated based on forecasts and includes the following types of inventory: pipeline stock, cycle stock, and safety stock. TIP is independent of the committed inventory. For example, in a demand ramp-down situation, there may be enough inventory to cover future demand without placing an order.

If we organize the data model by categories for inventory optimization, which are the correct groups which represent the inputs?

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Master data, demand inputs, transportation sourcing inputs, production sourcing inputs, and inventory policy inputs.

Unit of measure, forecast error, production lead time, and stocking node type.

Minimum stock requirement, component coefficient, and historical sales

How can you use inventory optimization planning profiles?

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You cannot use inventory optimization planning profiles to configure planning area setting for inventory operators. To define profiles, you use the Inventory Profiles app.

You can use inventory optimization planning profiles to configure orders and supply.

You can use inventory optimization planning profiles to configure planning area settings for inventory operators. To define profiles, you use the Inventory Profiles app.

What is the purpose of global configuration parameters?

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In the Global Configuration app, you set values for the parameters that control various features of the SAP IBP applications. Use the Global Configuration app to change the values of global configuration parameters.

A user set up a global parameter to connect all SAP applications globally.

A global parameter is necessary to work in a global environment.

How can we use the sample models?

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We can delete them from the system and they will not be available anymore in the system.

The sample models delivered with SAP IBP also provide time profile definitions. Launching the Sample Model Entities app will guide you to see the time profiles delivered with SAP IBP. You can either copy one of these time profiles or create one from scratch in the Time Profiles app. After creating and activating a time profile, you must load a time profile data file, or schedule an application job to create the time periods.

We do not need them when we are implementing SAP IBP.

What is the main purpose of the Inventory Profiles app?

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The Inventory Profiles app allows you to create and edit profiles that can be used with inventory optimization operators.

The Inventory Profiles app does not allow you to create and edit profiles that can be used with inventory optimization operators.

What can you achieve with SAP IBP for inventory according to the studied lesson?

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It creates a statistical forecast.

It plans orders by priorities.

Drive sales and operations decisions to inventory targets for the planners; provide visibility to check master data and determine root causes of inventory; and, finally, position inventory efficiently to best absorb variability in complex networks.

10.

What do flexibility, inventory, and service represent when handling uncertainty with SAP IBP for inventory?

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Machines, employees, and products.

Flexibility (capital investment; service: lost sales and customer flexibility) and inventory (working capital).

Money, stock, and resources