What is the direct role of data analytics in supply management? A Provide real time visibility into supply chain operations. B to identify trends and patterns and supply chain data. C to optimize supply chain processes. D to reduce lead times.

Q: Analyze a product or service that you recently purchased; the analysis will include its complete…

A: Note: The answers have been authored in a generalized manner.Supply Chain Management (SCM) refers to…

Q: The support for tactical decision in a business organisation is known as __________. a. Long term…

A: Strategic decisions or tactical decisions are decisions and programs that affect the detailed…

Q: 1. In supply chain management, give the types of analytics that are very important to use and…

A: The ability to make decisions based on data, often through the use of graphs, charts, and other…

Q: Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an…

A: YearQtrPeriodUnitsLast1112221833264416This1516262437284818

Q: a. Construct a causal regression model using PMIl as the causal variable. How well does your model…

A: A regression model is a function that represents the connection between a response, dependent,…

Q: How does the Extract, Transform, and Load (ETL) process impact a Data Warehouse's performance? What…

A: Business analytics can be outlined as the method of the breakdown of past info so future choices…

Q: What is cloud-based forecasting, and why do companies use this in solving supply chain forecasting…

A: Forecasting is predicting future outcomes on the basis of past data. Business forecasting techniques…

Q: Discuss the importance of demand forecasting in supply chain planning.

A: Demand forecasting is the practice of determining future demand peaks and troughs. To accomplish…

Q: Cadbury started an in-depth study to forecast customer demand based on data it previously recorded.…

A: The given question is solved in Step 2.

Q: An example of Process Redesign would be Have the supplier do the forecast rather than doing it…

A: Introduction: The term business process redesign alludes to a total redesign of an organization's…

Q: Along with electric guitars, Gibson also markets acoustic guitars, customized guitars, strings,…

A: Guitar is an musical instruments that originated in the 16th century in the country of Spain. It is…

Q: What is an example of information diffusion in the supply chain? Group of answer choices The wide…

A: Supply chain is the system that helps to convert the raw materials into the finished products for…

Q: How can I Outline a recommended procedure for efficiently gathering data on the variables identified…

A: The SIPOC analysis, an acronym standing for Suppliers, Inputs, Process, Outputs, and Customers, is a…

Q: Microsoft share point is used by the companies to share documents related to production and…

A: Here, Question that is asked related to management of data, resources and functions, Here, this…

Q: You are conducting a research on the impact of the pandemic on different organisations and sectors,…

A: Data collection surveys target a set of people to get their opinions, their preferences, choices…

Q: Solve the following dilemma using the logic from the level and stage of moral reasoning from…

A: Morality development is the process through which an individual develops their understanding of…

Q: What choice below differentiates Supply Chain Management (SCM) from Operations Management (OM). O…

A: Supply chain management is the management of the flow of goods and services that includes all the…

Q: Excess liquor found is booked in the Liquor inventory by the F&B Controller. choices: a.…

A: F&B controller is responsible for controlling the food and beverage outlets and control the…

Q: What is the purpose of BSC?

A: BSC stands for a balanced scorecard. It is a metric to manage performance to enhance the internal…

Q: a. Please use simple linear regression to forecast the next 4 quarter demand. [You need to generate…

A: Here, for each quarter, I have been given the sales data, I would use a simple regression technique,…

Q: A custom t-shirt company decides to contract with an foreign supplier to source standard plain…

A: T-shirts are daily used product and it should be a good quality one so that we can look good when we…

Q: What is the main goal of supply chain risk management? A To identify and mitigate supply chain…

A: Approach to solving the question:Step 1: Comprehend the fundamental notion or phrase presented in…

Q: Monthly sales in a company for a seven-period (Jan-July) were as follows: 19, 18, 16, 14, 17, 19,…

A: Forecasting is the process of prediction in which sales demand is estimated using historic…

Q: When thinking about the future of supply chain management, what do you think analytics will be…

A: Introduction: Businesses can use Foresee Analytics to predict consumer demand to avoid a shortage of…

Q: se flow chart technique to communicate the business process.

A: Flowcharts are widely used in various fields, including project management, software development,…

Q: Gretchen is proposing to present the sales from her lemondade stand as a pie chart tracking how much…

A: A pie chart is described as a form of a graph in which a circular graph displays the data and the…

Q: whic ah of the following pertains to an  efficient supply chain?   it deals with innovative…

A: Dealing with innovative products, possesses a short life cycle & investing in good forecasting…

Q: When a comprehensive study of a company's operations is done, business rules are created. Provide…

A: The data is the most essential information that is stored together in the right format in the…

Q: I'm trying to determine optimal order quantity but only have a Mean forecast and a standard…

A: The most cost-effective amount of a product to acquire at a given moment is the optimal order…

Q: How did covid-19 affect strategic management in supply chain management? Argue in favor of the above

A: The majority of organisations believe that their supply chain management (SCM) policies are…

Q: A key factor for success for a retailer is a phenomenal forecasting process and resources (Jack…

A: Inventory cost refers to the costs associated with the inventory. It includes the costs related to…

Q: Why Use ABC Analysis and what are their limitation?

A: When it comes to inventory, ABC analysis can help you keep your working capital costs under control.…

Q: Explain the underlying analytics of Amazon's supply chain and how they can enhance supply chain…

A: The founder of Amazon, Jeff Bezos, didn't imagine supply chain management, rather he imagined the…

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.