1. Explain the importance for tracking and evaluating the performance of the purchasing function.
2. Most of the time strategic planning is a part of the executive staff's role. Do you think the entire strategic plan should be shared with the executive staff? Are there any possible benefits to sharing the strategic plan? How about any possible drawbacks?
3. The forecast at period t was calculated at 502 unit sales. The actual sales for period t were 547 units. What is the forecast error?