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CIPS Exam L4M7 Topic 9 Question 35 Discussion

Actual exam question for CIPS's L4M7 exam
Question #: 35
Topic #: 9
[All L4M7 Questions]

Long-term forecasting of demand using a subjective method is based on a ...

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Suggested Answer: D

A 'U' flow occurs when the goods receipt and dispatch functions are located at the same end of a warehouse building.

Products flow in at receiving, move in to storage in the back of the warehouse, and then to shipping, which is located at the adjacent to receiving on the same side of the building.

Items with higher throughput level are located closer to the loading bays. An example of a 'U' flow design can be seen in the diagram below.

Advantages of 'U' Flow

- Excellent utilization of dock resources because the receiving and shipping processes can share dock doors

- Facilitating cross-docking because the receiving and shipping docks are adjacent to one another and may be co-mingled

- Excellent lift truck utilization because put away and retrieval trips are easily combined and be-cause the storage locations closest to the receiving and shipping docks are natural locations to house fast moving items

- Yields excellent security because there is a single side of the building used for entry and exit


LO 1, AC 1.1

Contribute your Thoughts:

Rebecka
8 days ago
Haha, I bet the folks in the supply chain would love a 'method of calculating the price in detail'. Sounds like a lot of work!
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Rosita
14 days ago
I agree, subjective methods like qualitative analysis can be useful for long-term forecasting.
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Dudley
14 days ago
I agree with Devorah. Subjective methods like experienced-based forecasting are commonly used for long-term demand planning when data is limited.
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Ailene
18 days ago
I believe it's about using a subjective method like qualitative or intuitive approach.
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Devorah
19 days ago
Option C seems like the right answer here. Long-term forecasting is often based on qualitative factors and expert intuition rather than pure statistics.
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Timothy
2 days ago
I agree, option C makes sense for long-term forecasting.
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Rosita
26 days ago
What do you think about the long-term forecasting of demand question?
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