CHASE PLAN (10 pts) Period Forecast Output Regular Overtime Subcontract Output Forecast Inventory Beginning Ending Average Backlog Costs: Output: Regular Overtime Subcontract 1 2 3 4 5 6 TOTAL 400 500 300 650 500 350 Inventory Back orders Total 1. Which plan is better from a cost standpoint? 2. Which plan is better for employee work/life balance? Why? 3. For each plan, how would service/quality be jeopardized (be very brief with your response)? (2 pts) (1 pt) (1 pt) Level: Chase: 4. If demand was to increase over time, what STRATEGIC ACTION must Wes and Steve undertake regarding capacity (not demand) to ensure profitability, cost effectiveness and customer satisfaction/quality for the business? (FYI - be specific when explaining HOW; there is only one correct answer to this Q. You must be brief with your answer: 1 sentence max.) NOTE: This answer has nothing to do with the type of plan they should use. It's a separate strategic action. (1 pt)