Assignment #1 Value: 25% of final grade Due Date: Day 3 Assignment Instructions Review Case 7.2 Playtime Inc on page 229 of the Supply Chain Management textbook. Respond to the following questions: Case Study Questions 1) What are the issues associated with Playtime's current forecasting process? What impacts, negative or positive, does this process have on the marketing, operations, supply chain and finance functions? 2) Using the S&OP process discussed in this lesson, design a more efficient and effective forecasting process that will mitigate the negative impacts you identified in question # 1. Explain why you are recommending the particular forecasting process, which you have outlined. 3) Review the collaborative planning, forecasting and replenishment (CPFR) model in Figure 7.3 (page 224) of the supply chain management textbook. How can the CPFR model be utilized to address any impact that Playtime Inc may experience with their major movie studio partner? 4) What are some potential forecasting errors that could be discovered by Playtime Inc? Which specific forecasting techniques would you recommend to alleviate any errors from taking place? Why? Requirements for the assignment report Cover page stating assignment title, instructor's name, course and section, student's first and last name, student number and date. Answers to all four questions in report style. No point form. Write in complete sentences. Use subheadings (do not rewrite each question and then write the response). MLA format including in-text citations and a works cited page Page numbers