Question: Question 3 ( 2 5 marks ) Critically evaluate the key characteristics of demand forecasting in a supply chain and explain the importance of accurate

Question

3 (25

marks

)

Critically evaluate the key characteristics of demand forecasting in a supply chain and explain the importance of accurate demand forecasting for effective supply chain planning and optimal performance. Discuss how demand forecasts have inherent limitations in accuracy, arising from systematic and random components. Analyse methods to improve forecast accuracy by collaboration across the supply chain. Assignment Total:

75

Marks

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