I’m working on a supply chain test / quiz prep and need guidance to help me learn.

QUESTION #1

a) 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:
Month 2020 Actual Sales
Jan 1,200 units
Feb 1,100 units
Mar 1,100 units
Apr 1,300 units
May 1,450 units
June 1,550 units
July
Aug
Sept
Oct
Nov
Dec
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.