Question: You are the demand planner for CIC Namibia, the licensed distribution company for Twinsaver products. You are responsible for replenishment for the Twinsaver account and
You are the demand planner for CIC Namibia, the licensed distribution company for Twinsaver products. You are responsible for replenishment for the Twinsaver account and must perform the below task monthly based on the historical sales provided to you on excel. You are allowed to make up your assumption. Please make sure to state them in your report.
1. Using a forecasting method of choice, prepare three months forecast (Oct-Dec 2021)
2. Prepare a forecast on an aggregated level (per product group)
3. Prepare an order for October 2021 based on the projected sales forecast, assuming that you have a two- week lead-time, and you replenish weekly. Using the formula; Order= forecasted monthly demand - stock on Hand (SOH) - Stock on order (SOO).
4. Calculate errors for the August forecast and justify whether the chosen forecasting method is still appropriate.
5. On a product group level, Plot data using a line graph. 6. Discuss any trends found in the data (do this per product group) 7. Discuss the relevance of forecasting assumption in the context of this data 8. In the context of this data, analyse why it might not be advisable to use sales data.
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