CIPS L4M7 Exam - Topic 5 Question 15 Discussion

Actual exam question for CIPS's L4M7 exam

Question #: 15
Topic #: 5

[All L4M7 Questions]

Objective forecasting techniques must be based on which of the following?

1. Opinions

2. Figures

3. Facts

4. Jugdement

A3 and 4 only

B1 and 2 only

C2 and 3 only

D1 and 4 only

Show Suggested Answer

Suggested Answer: D

Warehouse dock is a feature of warehouse design - used for unloading and loading vehicles. It is crucial to carefully design where they are externally located in a facility and choose the best type of dock depending on the available space.

In many cases efficient and effective loading and unloading is achieved by a dock design that places the loading and unloading vehicle' rear platform at the same height as the warehouse floor.

Slopes in docking areas must always be as small as possible: the gentler the slope, the less chance of errors and accidents. If a warehouse is going to be used by large volume vehicles, such as high cubes, it may be necessary to install special devices, such as hydraulically adjustable docks or ground level lift platforms.

Current trends indicate that vehicles that are longer and wider and have a greater volume will be increasingly common. Therefore, when planning the location of the docks, it would be useful to ensure that there is a large area for the approach, manoeuvring and build-up of large vehicles.

One option to increase the efficiency of the docks is to combine reception and dispatch into a single area (dual use). This solution drastically reduces costs and, above all, increases the use of handling equipment and personnel. However, if this is justified by the volume of material flows, there can also be separate access points for each function (some for reception and others for dispatch - 'sole use').

- Warehouse docking areas - Interlake

- CIPS study guide page 13

LO 1, AC 1.1

by Bernardo at Apr 03, 2023, 08:44 AM

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Kaycee

7 months ago

Not sure if figures alone are enough for objective forecasting.

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Kizzy

7 months ago

3 and 4 only? Nah, I’d go with 2 and 3.

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Lenna

7 months ago

Surprised that opinions are even an option here!

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Gerald

7 months ago

I think judgment plays a role too, though.

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Stefany

7 months ago

Definitely 2 and 3! Facts and figures are key.

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Shanda

8 months ago

I keep second-guessing myself! I thought opinions and judgment were more subjective, but I can't remember if they were ever included in objective techniques.

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Rosendo

8 months ago

I think we practiced a similar question, and it emphasized using figures and facts. So, I’m leaning towards option C.

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Brittani

8 months ago

I'm a bit unsure about this one. I feel like judgment can sometimes play a role, but isn't that more subjective?

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Loise

8 months ago

I remember we discussed that objective forecasting should rely on data rather than opinions, so I think it might be 2 and 3.

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Alyce

8 months ago

Hmm, I'm a bit confused on this one. I know expected value has something to do with the likely outcomes, but I'm not sure if it's the actual amount or the most likely amount. I'll have to think this through carefully.

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Elfriede

8 months ago

Okay, I've got this. A service-based SLA covers a set of similar services for a single customer, so the answer is B.

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Elli

8 months ago

This one seems pretty straightforward. I'd go with A - a quick learner, since that's a really important quality for service desk staff who need to constantly learn new systems and technologies.

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Joana

1 year ago

This one's a no-brainer. Facts and figures are the way to go for objective forecasting. Unless you're a fortune teller - then opinions and judgement are the way to go!

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Kenneth

11 months ago

Exactly, objective forecasting should be based on solid data.

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Lottie

11 months ago

I agree, opinions and judgement can be too subjective.

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Darrel

11 months ago

Facts and figures are definitely the way to go for objective forecasting.

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Janey

1 year ago

Definitely C. If you try to forecast based on opinions and guesses, you might as well just read the tea leaves. Give me the cold, hard data any day!

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Miesha

11 months ago

Opinions and judgment can be too subjective for forecasting purposes.

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Cecil

11 months ago

Definitely C. We need solid data to make reliable forecasts.

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Chandra

11 months ago

Figures and facts are the way to go for accurate predictions.

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Rodney

11 months ago

I agree, opinions and guesses won't cut it when it comes to forecasting.

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Nakisha

11 months ago

Opinions and judgment can be biased, stick to the numbers.

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Mona

11 months ago

Definitely C. We need solid data to make reliable predictions.

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Erasmo

1 year ago

Figures and facts are the way to go for objective forecasting.

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Jacqueline

1 year ago

I agree, opinions and guesses won't give accurate forecasts.

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Lenna

1 year ago

Hmm, I was thinking it was A, but C makes more sense. Can't forecast objectively if you're just going with your gut, right? Although sometimes a little bit of judgement can't hurt...

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Jordan

1 year ago

User 2: Yeah, using figures and facts for forecasting is important.

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Audria

1 year ago

User 1: I agree, C seems like the right choice.

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Gracia

1 year ago

Looks like the correct answer is C. Objective forecasting should be based on facts and figures, not opinions or personal judgement. This is a tricky one though!

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France

1 year ago

I believe the answer is C) 2 and 3 only, as figures and facts are essential for accurate forecasting.

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Brande

1 year ago

I agree, using figures and facts is more reliable than opinions or judgment.

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Gwenn

1 year ago

I think objective forecasting should be based on facts.

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