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Supply chains-What type of time-series components

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Reference no: EM133065451

Textbook chapter 10 QUESTIONS:

1. Discuss the following:

a. Why is increased coordination needed to manage supply chains?

b. Give three examples.

c. How can coordination be increased both internally within the firm and externally with customers and suppliers?

2. Qualitative forecasts and causal forecasts are not particularly useful as inputs to inventory and scheduling decisions. Why is this statement true.

3. What type of time-series components would you expect for the following products and services?

Monthly sales of a retail florist.

Monthly sales of milk in a supermarket.

Daily demand in a call center.

References:

Schroeder, R., Rungtusanatham, J. M., & Goldstein, S. (2017). OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences) (7th ed.). McGraw-Hill Education.

Reference no: EM133065451

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