TOPIC 3  FORECASTING, SALES & OPERATIONS PLANNING| What do you understand by;i.qualitative and quantitative forecast method .ii. the role of forecasting in supply chain managementiii. short range and Long range forecastsElaborate clearly for each answer. C. Elaborate the purpose of sales & operation planning, and describe the S&OP process.

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Which of the following is NOT a typical application of analytics in operations and supply chain management?   Question 4 options:   Capacity and scheduling   Logistics and sourcing   All of these choices are typical applications.   Forecasting

Answer number 1 only. Full solution. Unique answers only.

Interpret the MAD of the most accurate among the forecasting models below. A. Naïve approach;B. 5-month SMA model;C. WMA model with weights 0.1, 0.3, and 0.6; orD. ES model with α = 0.5 and a forecast of 3,500 liters in the first month.

Monthly data for the sales of certain product at a local company during the las 9 periods are shown in below table. (Fill all the blanks. Allow 2 decimal values). a. Determine the forecasts for periods 5 through 9 using three-period moving averages, and the forecasts for periods 7 and 9 using six-month period moving averages.     b.Calculate the forecast errors for three-period moving averages and forecast errors for six-period moving averages.      c. Calculate the MAD for three-period moving averages and six-period moving averages.       d. If a smoothing constant of 0.4 was analyzed for the data, and you were informed that forecast for period 1 was 1,450; based on these assumptions, calculate the forecast for period 2.

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Answer number 1 only. Full solution. Unique answers only.

Sales Planning and Forecasting: In a manufacturing & distribution company a. how often sales forecast is completed?  b. how well is the sales-forecasting plan used in the day to day operations? c. what  are some of the sales forecasting tools that could be used?