Systems That Enable a Firm to Generate Demand Forecasts for a Product

question 74

Multiple Choice

Systems that enable a firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that product best describes supply chain ________ systems.

• A)demand
• B)delivery
• C)optimization
• D)execution
• E)planning

---

Definitions:

Manufacturing Costs

The total expenses involved in the production of goods, including direct materials, direct labor, and manufacturing overhead.

Conversion Costs

The combination of labor and manufacturing overhead costs that are incurred to convert raw materials into finished goods.

Ending Work in Process

This refers to the goods that are still in the production process at the end of an accounting period but have not yet been completed.

Total Units

The aggregate quantity of units produced, held in inventory, or sold by a business.