Discover actionable strategies to enhance demand forecasting in Microsoft Dynamics 365 Supply Chain Management using Azure Machine Learning and item allocation keys. Improve inventory accuracy and reduce carrying costs with these expert tips!
Table of Contents
Question
You are improving the efficiency of the master planning process for a diverse product range with varying lead times and demand patterns.
You need to ensure that the master planning module accurately forecasts demand to optimize inventory levels and reduce carrying costs.
What two actions should you perform? Each correct answer presents part of the solution. Choose 2.
A. Integrate Azure Machine Learning to refine demand forecasting models.
B. Configure item allocation keys to group items with similar demand patterns.
C. Decrease the forecast plan frequency to reduce system workload.
D. Limit the master planning to consider only historical data for demand forecasting.
E. Exclude sales orders from demand forecasting to focus on production data.
Answer
A. Integrate Azure Machine Learning to refine demand forecasting models.
B. Configure item allocation keys to group items with similar demand patterns.
Explanation
Option A is correct because integrating Azure Machine Learning can help in creating more accurate demand forecasting models by analyzing complex data patterns. Option B is correct as configuring item allocation keys allows grouping of items with similar demand patterns, which can improve the demand forecasting process. Option C is incorrect because decreasing the forecast plan frequency could lead to outdated demand forecasts and does not directly improve accuracy. Option D is incorrect as limiting the master planning to only historical data ignores current market trends and other relevant factors that could affect demand. Option E is incorrect because excluding sales orders from demand forecasting would remove a significant indicator of customer demand, leading to less accurate forecasts.
Microsoft Dynamics 365 Supply Chain Management Functional Consultant MB-330 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Supply Chain Management Functional Consultant MB-330 exam and earn Microsoft Dynamics 365 Supply Chain Management Functional Consultant MB-330 certification.