What role does forecasting play in the supply chain

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1. What role does forecasting play in the supply chain of a build-to-order server manufacturer such as Dell?

2. How could Apple use collaborative forecasting with its sup- pliers to improve its supply chain?

3. What role does forecasting play in the supply chain of a mail- order firm such as L.L. Bean?

4. What systematic and random components would you expect in demand for chocolates?

5. Why should a manager be suspicious if a forecaster claims to forecast historical demand without any forecast error?

6. Give examples of products that display seasonality of demand.

7. What is the problem if a manager uses last year’s sales data instead of last year’s demand to forecast demand for the com- ing year?

8. How do static and adaptive forecasting methods differ?

9. What information do the MSE, MAD, and MAPE provide to a manager? How can the manager use this information?

10. What information do the bias and TS provide to a manager? How can the manager use this information?

Reference no: EM132218340

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