Question: Forecasts are always wrong, especially if they are long-term, and that is why using a suitable forecasting type is advisable for efficient Supply Chain Management.
Forecasts are always wrong, especially if they are long-term, and that is why using a suitable forecasting type is advisable for efficient Supply Chain Management.
1. Discuss two (2) of the four (4) forecasting type methods used in a Supply Chain.
2. Which forecasting method would be best suited for a beverage retailer, and why? (10 Marks)
1. What is a Supply Chain (2 marks)
2. Discuss the push/pull and cycle views of a Supply Chain. (9 marks) 2. Cite examples of each view of the Supply Chain in the context of a supermarket.
Who you source your raw materials or finished products from is not solely based on the cheapest. Several other factors impact the selection of suppliers. Likewise, how your transportation network is structured can impact on your supply chain value proposition. 1. Explain the role of sourcing in a supply chain. (4 marks)
2. Price charged by the supplier is only one of many factors that affect the supply chain surplus. State and explain any four (4) factors that must be considered, other than quoted price, when scoring and assessing suppliers. (8 marks)
3. With the use of illustrations, discuss FOUR (4) different design options for a transportation network.
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