Knowledge quiz
It’s time to put what you’ve learned to the test, get 5 questions right to pass this unit.
Q1.
What is Planning Collaboration?
Choose the correct answer.
A
Planning Collaboration is the process of collecting and reconciling the information from diverse sources inside and outside the company; to come up with a single unified statement of demand.
B
Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends.
C
All of the above
Q2.
Which planning software has the ability to consume the commitments that the Suppliers return in reply to forecasts?
Choose the correct answer.
A
Neither IBP nor ERP
B
Both IBP and ERP
C
SAP ERP
D
SAP Integrated Business Planning (IBP)
Q3.
Which of the following statements is true about SAP Integrated Business Planning (IBP)?
There are three correct answers.
A
IBP forecasts are based on S&OP plans.
B
Operational planning for all components is undertaken in Integrated Business Planning (IBP).
C
Sales and Operational Planning (S&OP) process and only critical components are planned.
D
Capacity constrained forecasts from IBP become a source for detailed component planning in ERP
Q4.
Which of the following are the benefits of Planning Collaboration?
Choose the correct answer.
A
Overlapping or conflicting priorities are necessary for Planning.
B
Inventory levels are optimized and customer service responsiveness is increased.
C
Allows suppliers to allocate production capacity and inventory against a Buyer’s projected demand.
D
Allows for a silo mentality around data.
E
Invoice Processing made easy by using Invoice Conversion services.
Q5.
Which of the following statements describes some of the challenges in the Planning Collaboration process?
There are three correct answers.
A
Lack of understanding of decisions made with cross-functional impact
B
Lack of awareness across departments
C
Reduced uncertainty between trading partners leading to consolidated supply chain inventories
D
Deficiency of communication between departments and business units
Q6.
Which of the following are the primary sources of forecasts in ERP?
There are three correct answers.
A
Advance ship notice
B
Planned orders
C
Purchase requisitions
D
Scheduling agreement releases (forecast only)
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