Part -1:
1. What is demand management?
2. Why is demand forecasting important for effective supply chain management?
3. What are three measures of forecasting accuracy?
4. What are the key features of CPFR? Why would a company consider adopting CPFR?
Part -2:
1. Describe long-range, medium-range, and short-range planning in the context of the materials plan and capacity plan. How are they related?
2. Is a level production strategy suitable for a pure service industry, such as a professional accounting and tax services or law firms? Can these firms inventory their outputs?
3. What are the crucial inputs for material requirements planning?
4. Why are production planning and capacity planning important to SCM?