This section covers the introductory material, focusing on the definition of supply chains and high-level strategic alignment.
Q8: Simple Moving Average Given the sales for the last 4 months: Jan (100), Feb (120), Mar (110), Apr (130). Calculate the forecast for May using a 3-month moving average.
Q9: Exponential Smoothing The forecast for June was 500 units. Actual demand in June was 550 units. Use a smoothing constant ($\alpha$) of 0.2 to calculate the forecast for July.
Sample Question: "Compare and contrast Truckload (TL) vs. Less-than-Truckload (LTL) shipping. Under what demand scenario would you choose LTL despite its higher per-unit cost?"
Answer Framework:
Q7: Why is it not optimal to order in very small quantities very frequently?
Answer hints:
Answer hints: