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1. Which KPIs are available to measure forecasting accuracy and specify how these measures aggregated from item-organization level to higher levels.
A) MAPE, MFE, and Bias are used to measure forecast accuracy. MAPE and Bias are aggregated using weighted average. MFE is aggregated using sum.
B) MAPE, MAD, and Bias are used to measure forecast accuracy. MAPE and Bias are aggregated using weighted average. MAD is aggregated using sum.
C) MAPE, MAD, and Bias are used to measure forecast accuracy. MAD and Bias are aggregated using sum. MAPE is aggregated using weighted average.
D) MAPE, MFE, and Bias are used to measure forecast accuracy. MAPE and MFE are aggregated using weighted average. Bias is aggregated using sum.
2. Which four options can be set as a Demand Schedule in Supply Planning plan options? (Choose four.)
A) Approved Final Shipments Forecast
B) Approved Final Bookings Forecast
C) Approved Final Transfer Order Forecast
D) Final Transfer Order Forecast
E) Final Bookings Forecast
F) Final Shipments Forecast
3. Which statement is NOT true about item attributes?
A) The "forecast control" item attribute must be assigned if configure-to-order (CTO) items are being planned.
B) Many item attributes can be overridden as part of a simulation set that gets applied to a plan.
C) Some item attributes can be overridden directly in the Items table for simulation purposes.
D) Supply plans ignore items with the "planning method" attribute set to MPP.
4. You analyzed your customer's shipment history data at item and organization level. You found that the customer has many new products with limited history.
Does Planning Central support forecasting products with limited history, and what is this process called?
A) Yes, Planning Central supports the Regression for Sparse Demand forecasting method, typically used for new products.
B) Yes, Planning Central supports the Holt Exponential Smoothing forecasting method used for newly introduced products.
C) No, Planning Central does not support the Holt Exponential Smoothing forecasting method.
D) No, Planning Central does not support the Regression for Sparse Demand forecasting method.
E) No, Planning Central does not support the Croston Method for Sparse Demand forecasting method.
5. As the planner, you have made some changes to a few of the specifications for items in your simulation sets.
You would like to run one of your existing Demand and Supply Plans that contains this simulation set to see how these changes impact the plan.
Which option shows the steps you must complete in order to ensure that when you run your existing Demand and Supply plan, it contains your changes to the simulation set?
A) No additional steps are necessary. Any plans that contain your simulation set will automatically be updated with the changes.
B) You are only able to update one item attribute at a time. Since you have changed multiple attributes, you will be unable to update and run this plan.
C) When the Demand and Supply Plan is run, verify that 'Refresh with current data' is selected in the Details section.
D) When the Demand and Supply Plan is run, verify that 'Recalculate Safety Stock' is selected in the Details section.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,B,E,F | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: C |
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