Question: Solve these on excel for me Problem 1 . United Dairies, Inc.: United Dairies, Inc. supplies milk to independent grocers in Collier County, Florida. Milk
Solve these on excel for me
Problem United Dairies, Inc.: United Dairies, Inc. supplies milk to independent grocers in Collier County, Florida. Milk is perishable so forecast accuracy is critical in predicting the number of gallons of milk sold per month. Sales data in gallons for the past twelve months is shown in the table below. The demand indicates a seasonal pattern because in the winter months months to and the county's population increases dramatically as people from the northern United States, Canada, and Europe spend their winters there to avoid the harsh weather.
Compute and period moving averages for the time series. pt
Use smoothing constant alpha of to calculate forecasts for months to using exponential smoothing, assuming that the value of forecast for the first month was gallons. pt What model, periodmoving average or exponential smoothing model, would you recommend to forecast demand when comparing their MSE? Is there any difference when you calculate their MAD? Clearly show your results in excel and explain your conclusions. pts
What might the economic impact be of over or underforecasting here for this perishable commodity? pt
Problem Inventory at Nautique Boat Company: Please watch the video case at the end of Chapter Inventory at Nautique Boat Company p and review the text and data table Sample of Nautique's Inventory Items, following the video. Answer the following four questions:
Conduct in Excel an ABC analysis on the SKUs stock keeping units listed in Table pts I recommend reading Chapter before answering Questions and of Problem
Why would Nautique use vendormanaged inventory for some of its SKUs? pts
Should Nautique consider vertically integrating suppliers of the top annual dollar volume inventory items? What are the advantages and disadvantages of this decision? For example, Nautique's parent company has purchased Performance Custom Marine PCM engines. pts
How could Nautique reduce the number of SKUs it manages? pts
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