Due to boycott of French products, SYFAC (Sultan Yasmin Farms Alban Co) increased its production of dairy products over the past 5 weeks to reach: 2.5, 3, 6, 5 Tons respectively. SAYFAC requesting forecast for following week. Is it upward trend or downward trend?
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Due to boycott of French products, SYFAC (Sultan Yasmin Farms Alban Co) increased its production of dairy products over the past 5 weeks to reach: 2.5, 3, 6, 5 Tons respectively. SAYFAC requesting
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Under what conditions might a firm use multiple forecasting methods?
- Kuwait-Arab Medical Supplies - started in January 2020 to help in protecting against COVID19. KAMS seasonal distribution of its products were: 1, 4. 2, 5 thousand boxes per season/ a season is 3 months. KAMS needs to know what is the expected production distribution in the first season of 2021.KAMS also requested the forecast for the first 2021 season if weights were recorded to be: 0.3, 0.4, 0.1, 0.2Given forecast errors of 5, 15, and −5, what is the mean absolute deviation? a.6.67 b.5 c.8.33 d.15 e.25Over past 4 weeks, KAMM (Kuwait Arab Malls Monitor) reported a severe decline in French products consumption -- in Millions of items: 400M, 300M, 50M, 1M. KAMM need to know expected forecast next week.
- Sales of Bluetooth Headphones at the Abdulla Electronics Enterprises in Model Town, India, over the past 4 months have been 100, 110, 120, and 130 units (with 130 being the most recent sales). Develop a moving-average forecast for next month, using following techniques: a) 3-month moving average. b) 4-month moving average. c) Weighted 4-month moving average with the most recent month weighted 4, the preceding month 3, then 2, and the oldest month weighted 1. d) If next month’s sales turn out to be 140 units, forecast the following month’s sales (months) using a 4-month moving average.Problem 3-24 (Algo) Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the quad-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its product lines. Here is demand over the past 12 quarters: TWO LAST THIS YEAR YEARS AGO YEAR 4,775 3,505 4,305 2,970 3,465 2,678 3, 505 2,370 3,180 2,070 2,710 1,695 II II II III III III IV IV IV Use the regression and seasonal indexes to forecast demand for the next four quarters. (Round your Intermedlate calculatlons and answers to 2 declmal places.) Period Forecast (Units) II II IVWeek Two Years Agc Last Year Using data in columns A-C create a forecast using the Simple Moving Average method based on 10 weeks of data 8 2 4 45 3 4 7 Using data in columns A-C create a forecast using Linear Regression 4 7 49 5 10 33 6 29 10 Which forecast method is the best? How do you know that method is the best? 7 38 7 8. 8 9 9 44 10 6 11 46 43 12 48 3 13 9 14 8. 47 15 1 5 16 9 41 17 38 6. 18 46 4 19 45 32 20 10 39 21 8 2 22 7 9 23 38 42 24 33 37 25 1 26 27 49 1 28 36 5 29 1 8. 30 4 31 46 42 32 38 33 14 36 34 43 8. 35 3 39 36 37 27 50 38 6 39 2 49 40 41 41 32 6 42 37 39 43 9 8 44 10 45 33 8 46 39 46 47 37 48 6 6 49 31 50 40 38
- 1. Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month Price Per Chip January $1.80 February $1.67 March $1.70 April $1.85 a) Using a 2-month moving average, calculate the forecast for March and April (round your responses to two decimal places). Month Mar Apr Forecast $enter your response here $enter your response hereTOC/ Tunis Oil Co. started 4 months ago. TOC noticed that its production increased significantly. Production reported was: 5, 7, 20, 90 Liters respectively over the past 4 months. OTC estimated weights for past 4 months were: 0.2, 0.3, 0.1, 0.4. OTC is seeking your help to forecast its production for the following cycle.Q3) You work for BMW as a planner. BMW sold 1,081,000 of its BMW-X5 cars in 2019 and sold 1,189,100 of its BMW-X5 cars in 2020. BMW is expecting to increase its annual sales for BMW- X5 in year 2021 by 10% compared to year 2020 (total sales volume = 1,308,010). Find the monthly forecast and seasonal indices for year 2021, given the following data: (Please considers the monthly seasonal effect) MONTH Actual Car Sales (2019) Actual Car Sales (2020) Forecasted Car Sales (2021) Jan 80,000 88,000 Feb 85,000 93,500 Mar 86,000 94,600 Apr 90,000 99,000 May 92,000 101,200 June 100,000 110,000 July 120,000 132,000 Aug 90,000 99,000 Sept 86,000 94,600 Oct 85,000 93,500 Nov 84,000 92,400 Dec 83,000 91,300