Title: "Optimizing Supply Chain Operations Through Demand Forecasting and Inventory

Management"

Project Overview:

This project aims to enhance supply chain operations by focusing on demand forecasting,

inventory management, and process strategies. It will cover various aspects such as

understanding the role of demand forecasting, comparing qualitative and quantitative

forecasting techniques, implementing an Enterprise Resource Planning $($ERP$)$ system,

managing different types of inventories, analyzing inventory costs, and identifying

appropriate process strategies.

Explaining the Role of

Demand Forecasting in a

Supply Chain:

Develop a comprehensive report

explaining the role of demand forecasting

in supply chain management.

$20$

Comparing Qualitative and

Quantitative Forecasting

Techniques:

Compare and contrast qualitative

$($judgment$-$based$)$ and quantitative $($datadriven$)$ forecasting techniques.

$20$

Implementing an Enterprise

Resource Planning $($ERP$)$

System:

Identify ERP system requirements based

on supply chain needs.

$20$

Analyzing Inventory Costs

and Inventory Turnovers:

Identify areas for cost reduction and

improved turnover rates and implement

necessary changes.

$20$

Identifying and Defining

Different Process Strategies

Analyze process strategies and its

alignment with supply chain goals.

$2$