CIPS L4M7 Exam - 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 ...

Apredicted cash flow forecast levels used by the organization

Bquantitative, explicit, statistical, or formal method

Cqualitative, informal, clinical, experienced-based or intuitive method

Dmethod of calculating the price in detail within the supply chain

Show Suggested Answer

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

by Clay at May 18, 2024, 09:10 AM

Limited Time Offer

25%

Off

Get Premium L4M7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Krissy

3 months ago

Cash flow forecasts are important, but they don't define subjective methods.

upvoted 0 times

...

Ulysses

3 months ago

Surprised to see C as the answer, I always thought it was more about data!

upvoted 0 times

...

Tish

3 months ago

Really? I thought quantitative methods were more reliable for forecasting.

upvoted 0 times

...

Bronwyn

4 months ago

I agree, intuition plays a big role in those predictions!

upvoted 0 times

...

Rhea

4 months ago

It's definitely C, qualitative methods are key for long-term forecasts.

upvoted 0 times

...

Tawanna

4 months ago

I’m confused; isn’t subjective forecasting more about personal insights rather than statistical methods? So, C seems right, but I’m not completely confident.

upvoted 0 times

...

Angelo

4 months ago

This question feels familiar; I think we had a similar one about forecasting methods. I lean towards option C as well.

upvoted 0 times

...

Carma

4 months ago

I remember we discussed qualitative methods in class, but I'm not entirely sure if that's what they mean by subjective.

upvoted 0 times

...

Roy

5 months ago

I think long-term forecasting with a subjective method is more about intuition and experience, so maybe it's option C?

upvoted 0 times

...

Lynette

5 months ago

This is a tricky one. I'm tempted to go with option B since that mentions "quantitative" and "statistical" methods, which might seem more rigorous. But the question is specifically asking about subjective forecasting, so I think C is the way to go.

upvoted 0 times

...

Nu

5 months ago

Okay, I've got this. Long-term forecasting using a subjective method means relying on expert judgment and experience rather than statistical models. So the answer has to be option C - a qualitative, informal, clinical, or intuitive method.

upvoted 0 times

...

Carli

5 months ago

Hmm, I'm a bit unsure about this one. The options seem to be talking about different forecasting approaches, but I'm not totally clear on the distinction between subjective and quantitative methods. I'll have to think this through carefully.

upvoted 0 times

...

Martina

5 months ago

This seems like a straightforward question about forecasting methods. I'll focus on the key words "long-term", "subjective", and "demand" to determine the correct answer.

upvoted 0 times

...

Teresita

5 months ago

I remember learning about this in class. Deposit insurance is the type of insurance that protects your money if the bank goes under. I'm confident A. Deposit Insurance is the right answer.

upvoted 0 times

...

Rosio

5 months ago

Okay, I think I've got this. The key is identifying the department that coordinates with law enforcement, regulators, and service providers. Based on that, I'm leaning towards option B - the CISO (Chief Information Security Officer) would likely be the one handling those types of external communications.

upvoted 0 times

...

Nan

5 months ago

I'm a bit confused on this one. I'm not sure if the "Reverse" or "Up internal" monitors would be appropriate for this scenario. Guess I'll have to review the differences between the options.

upvoted 0 times

...

Chaya

10 months ago

Option B is tempting, but I think the question is specifically asking about subjective forecasting methods, not quantitative ones. C is the way to go.

upvoted 0 times

Ashleigh

9 months ago

Yeah, option C aligns more with the idea of subjective forecasting rather than quantitative methods.

upvoted 0 times

...

Aimee

9 months ago

I think option C makes sense because it involves qualitative and experienced-based approaches.

upvoted 0 times

...

Carla

9 months ago

I agree, option C seems to be the best fit for subjective forecasting methods.

upvoted 0 times

...

Rebecka

10 months 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!

upvoted 0 times

Franchesca

8 months 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!

upvoted 0 times

...

Corinne

9 months ago

C) qualitative, informal, clinical, experienced-based or intuitive method

upvoted 0 times

...

Thaddeus

10 months ago

B) quantitative, explicit, statistical, or formal method

upvoted 0 times

...

Chantay

10 months ago

A) predicted cash flow forecast levels used by the organization

upvoted 0 times

...

Rosita

10 months ago

I agree, subjective methods like qualitative analysis can be useful for long-term forecasting.

upvoted 0 times

...

Dudley

10 months ago

I agree with Devorah. Subjective methods like experienced-based forecasting are commonly used for long-term demand planning when data is limited.

upvoted 0 times

Katina

10 months ago

Yes, experienced-based forecasting can be useful when there is limited data available.

upvoted 0 times

...

Pura

10 months ago

I think subjective methods are more flexible for long-term forecasting.

upvoted 0 times

...

Ailene

11 months ago

I believe it's about using a subjective method like qualitative or intuitive approach.

upvoted 0 times

...

Devorah

11 months 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.

upvoted 0 times