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Pscm 022:Demand And Forecasting  Question Paper

Pscm 022:Demand And Forecasting  

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2015



KENYA METHODIST UNIVERSITY

END OF 1''st ''TRIMESTER 2015 (PT) EXAMINATION
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : ACCOUNTING FINANCE & INVESTMENT
UNIT CODE : PSCM 022
UNIT TITLE : DEMAND AND FORECASTING


TIME: 2 HOURS

INSTRUCTIONS:

Answer question One and any other Two

Question One

Write short notes on the following:

Demand forecasting.

(5marks)

Qualitative methods.

(5marks)

Naive approach.

(5marks)

Master scheduling.

(5marks)

Aggregate planning.

(5marks)

Question Two

There are several main reasons for studying seasonal variations. Explain.

(10marks)

What is the difference between long term and short term variations in forecasting?

(10marks)

Question Three

Explain what you understand by:

Inventory management.

(5marks)

Explain the assumptions of EOQ.

(5marks)

Name any TWO cost related and EOQ and explain where its applicable.

(10marks)

Question Four

Name and explain the transitional inventory management approaches.

(10marks)

Explain the frustrations of machines in inventory management.

(10marks)

Question Five

The Kenya Methodist University on the process of choosing the best mode of transport and enable it transport goods from Japan to Kenya – Meru campus.

Identify the likely mode to use?

(5marks)

Explain why you have choose the a) mode?

(5marks)

The government of Kenya has established two types of act governing public procurement in Kenya. Name the act.

(4marks)

Explain the main objectives of these acts.

(8marks)

What do you understand by ABC concepts and the 20/80

analysis?
(8marks)




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