Supply Chain Management Midterm Exam Questions -

Why are forecasts generally considered "wrong," and why are they still useful for long-term capacity planning? [4].

A) A sudden increase in customer demand. B) The amplification of demand variability as one moves upstream from the customer to the supplier. C) A pricing strategy used to clear excess inventory. D) The delay between placing an order and receiving it. supply chain management midterm exam questions

You are the SCM manager for a regional grocery chain. Demand for fresh produce has high variability. The current forecasting method (naïve) is causing stockouts or waste. Propose a better forecasting method and justify it. Then recommend an inventory policy for the produce category. Why are forecasts generally considered "wrong," and why

Section C — Problem Solving and Calculations (show work) (Total 40 marks) Why are forecasts generally considered "wrong