The Operations Planning Practice of Using Sales Forecasts Created by a Computer

question 164

Multiple Choice

The operations planning practice of using sales forecasts created by a computer to accurately predict the amount and timing of materials needed to complete products and projects is

• A) enterprise resource planning.
• B) materials requirement planning.
• C) virtual accuracy tool.
• D) computer-based materials model.

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Definitions:

Final Goods

Products that have completed the manufacturing process and are ready to be used or consumed by the end-user.

Derived Demand

A demand for a commodity or service resulting from the demand for something else, typically goods or services used in the production of other goods or services.

Demand for Popcorn

The desire or consumer's willingness to purchase popcorn at various price levels.

Movie Tickets

Financial tickets purchased to gain entry to view films in theaters.