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Question 1.
The owner of a Chocolate Outlet Store wants to forecast chocolate demandDemand for the preceding 4 years is shown in the following table:
Year
1
2
3
4
Demand (Kilograms)
69,000
71,500
74,900
70,800
Forecast demand for Year 5 using the following approaches:
(1) A three-year simple moving average(2) A three-year weighted moving average using 0.35 for Year 4, 0.30 for Year 3, and 0.35 for Year 2.(3) Simple exponential smoothing with α = 0.35 and assuming the forecast for Period 1 = 69,000
Question 2. What key factors need to be considered in supply chain integration and how can risk mitigation help increase security?
Question 3. In two consecutive years a warehouse had the following characteristics.
Year 2014
Year 2015
Weight of materials moved
6000 tonnes
7000 tonnes
Number of orders satisfied
1750
1930
Number of stockouts
91
60
Average inventory value stocked
$256,500
$293,000
Cost of administration
$65,000
$77,000
Hours worked
13,000
16,000
Direct costs
$120,000
$180,000
Energy used
22,000kWh
25,000kWh
Energy cost
$3,000
$4,000
Based on the information above - what can you say about its performance?
What key factors need to be considered in supply chain integration and how can risk mitigation help increase security - Based on the information above - what can you say about its performance?
Describe the flow of financial data from customer to company to supplier in the Supply Chain Management and Logistics Systems. How does it relate to cash flow and profitability
complete the following questions out of the section titled questions for review and discussion. each question should
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