Question (1): Answer the following questions: (10 marks) a. Based on what you have learned about the two topics Forecasting & Demand Planning and Inventory Management. Explain at length how inventory decisions related to forecasting in the manufacturing process? (4 marks) b. Greens, a local merchandise uses 1560 bags of plant food annually. Greens works 52 weeks per year. It costs $ 10 to set up an order for plant food. The annual holding cost rate is $5 per bag. Lead time is one week. Calculate the economic order quantity. (2 marks) Calculate the total annual costs. (2 marks) The re-order point (2 marks) Question (2): Answer the following questions: (10 marks) a. Many of the decisions made by operations Managers are dependent on information from the other functions. At the same time, other functions cannot be carried out properly without information from operations. From the figure below, discuss one example about the information flow between operations sanction and other function. Marketing Finance Current Customer demands operating capabilities Customer foedback Inventory levels Need for new products Output rates Capacities Financial Capital investments planned measures Information needs Capital requirements Budgets Technological capabilities Stockholder requirements Operations Management Billing information Operations 1 capabilities Product specs Design requirements Technological tradeoffs Current performance measures Labor skills Labor available requiremento Labor costs Process improvemente Accounting Engineering Human Resources b. Multiple choice questions (4 marks) 1- Designing a custom-made cake is an example of a- Remanufacturing b- Intermittent operations C- Assemble to order strategy d- Repetitive operation 2- The stage of product life cycle where the objective is to maximize market share and sales are rapidly rising is a- Introduction stage. b- Maturity stage. c- Growth stage. d- Decline stage. 2