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Certified Professional in Supply Management (CPSM) Questions 26–30 (page: 7)

Updated On: 9-Feb-2026

The time that elapses from placement of an order until receipt of the order is called:

  1. Lead time
  2. Follow up time
  3. Control time
  4. Central time

Answer(s): A



The demand forecast for all products and services then is used to create a _, which breaks down all labor and material requirements, usually by quarter.

  1. aggregate plan
  2. aggregate forecast
  3. scheduling forecast
  4. Top-down strategy

Answer(s): A



The mean of at least two recent periods of demand data is the basis for the next period's demand forecast is the description of which quantitative forecast method?

  1. Naive forecast
  2. Simple moving average
  3. Weighted moving average
  4. Exponential smoothing forecast

Answer(s): B



What is used to lessen the potential biases commonly found using a jury of executive opinion?

  1. Structured method
  2. Averaging method
  3. Series foundation forecasting method
  4. Delphi method

Answer(s): D



The underlying assumption is that a forecast can be created based on which of the following patterns observed within the time series data?

  1. Vertical Seasonality, Trend and Cycle
  2. Horizontal, Averaging, Variation and Smoothing
  3. Horizontal, Seasonality, Trend and Cycle
  4. Vertical, Seasonality, Variation and Smoothing

Answer(s): C



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