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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