Question: In the first step, you should prepare an executive report that includes the following analyses: 1. Apply the forecasting principles and techniques to calculate monthly

In the first step, you should prepare an executive report that includes the following analyses: 1. Apply the forecasting principles and techniques to calculate monthly demand forecasts for the factory in 2022/2023. 2. Report the patterns observed in the demand forecasts along with the forecast errors. 3. Suggest a policy to reduce the cost of inventory: a. Knowing that the Vancouver warehouse is co-located with the factory, suggest an inventory management policy for each warehouse (Vancouver and Calgary). b. Based on your previous answers, what is the total cost of inventory? 4. What is the optimal production quantity for the plant? 5. Suggest a safety stock policy to reduce the cost of stockouts: a. What are the safety stock quantities required at each distribution center for each service level? Which service level would you recommend to Mr. Nemo? Why is that?

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