Question: Question 3: (40 points: 10 pts each) Clearly answer the following questions. Explain your answers in detail. 1. How does forecasting lead to an increase

Question 3: (40 points: 10 pts each) Clearly

Question 3: (40 points: 10 pts each) Clearly answer the following questions. Explain your answers in detail. 1. How does forecasting lead to an increase in profit of an organization? Explain your answer by giving an example. 2. What is supply chain management? Give two reasons for its importance. 3. Explain the supply chain management push and pull strategies by giving an example for each one of them 4. State three advantages of forecasting within an organization

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