Define Supply Chain visibility
b) What are the benefits and challenges to achieve Supply chain visibility?
c) Why do Supply Chain Managers like Supply Chain visibility?

QUESTION #2 – Describe the differences between vendor-managed inventories and co-managed inventories.

QUESTION #3
a) What is demand forecasting?
b) Why is demand forecasting important for effective supply chain management?

QUESTION #4 – Assume that you are the Supply Chain Manager for a Company X and the month of June just came to
an end today. The actual monthly sales for the last 6 months are provided to you: *Please see attached pic*
Answer the following questions:

a) Using a simple 6-month moving average, forecast sales for the month of July.
b) Using a simple 5-month moving average, forecast sales for the month of July.
c) Using a simple 4-month moving average, forecast sales for the month of July.
d) If at the end of July, you verify that your Company X had achieved an actual sale of 1,600 units, which of the 3
forecasting methods used in topics (a), (b) and (c) is more accurate? Justify your answer by calculating the
forecast error for the month of July for all three methods.

QUESTION #5 – Compare and contrast chase versus level production strategies. Which one is appropriate for an industry

where highly skilled laborers are needed? Justify your answer in detail.