Question: Discuss outsourcing as a strategic decision. Explain the basic elements of procurement, e-procurement, and spend analysis. Describe distribution strategies, systems, and processes. Assess the advantages

Discuss outsourcing as a strategic decision.

Explain the basic elements of procurement, e-procurement, and spend analysis.

Describe distribution strategies, systems, and processes.

Assess the advantages and disadvantages of different modes of transportation.

Discuss issues and trends in the global supply chain.

Discuss the strategic role of forecasting in supply chain management. Describe the forecasting process and identify the components of forecasting demand. Forecast demand using various time series models, including exponential smoothing and trend and seasonal adjustments. Discuss and calculate various methods for evaluating forecast accuracy. Use Excel to create various forecast models. Develop forecasting models with linear and multiple regression analysis.

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