As gross margin decreases and inventory increases what happens to GMROI? Formula:  Gross Margin/Inventory

This question is part of what S&OP process: “If there were no constraints from the supply side, what could we actually sell?”

Which forecast error metric is used to measure forecast error magnitude?

Responsiveness in the 4 R’s of supply chain competition is defined as being able to _________________.

Two major classifications of quantitative forecasting methods are _______ and ________ models.

As alpha is increased in an exponential smoothing model, the forecast becomes more ______.

Economies of scale is defined as a reduction in ________ when volumes are increased.

As the planning horizon increases, forecast error is expected to ________________.

The term ____________________ today refers to a firm that supplies logistics and possibly other supply chain management services.

Martin Christopher of the Cranfield School of Management has identified four principles in using supply chain management for competitive advantage: they are known as the 4 Rs of supply chain competition.  Which of the following is NOT one of the 4 Rs?