Question: QUESTION 3 [20 MARKS] a) Critically discuss the purpose, and the characteristics, of demand forecasting in the context of supply chain management. (8) b) Identify

QUESTION 3 [20 MARKS]

a) Critically discuss the purpose, and the characteristics, of demand forecasting in the context of supply chain management. (8) b) Identify a key requirement in the supply chain of your own workplace and, using any technique of your choice, forecast your demand for that requirement for 6 months, 12 months, and 24 months into the future. Show your basic workings and calculations. (12)

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