Question: 1 What is demand forecasting and which the forecasting techniques used within the supply chain? 2 Define and differentiate between vendor-managed inventory (VMI), just-in time

1 What is demand forecasting and which the forecasting techniques used within the supply chain?

2 Define and differentiate between vendor-managed inventory (VMI), just-in time (JIT), economic order quantity (EOQ), and Kanban.

3 Discuss and compare the major elements of lean and Six Sigma.

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