Solve the following problems:
Problem 1:
A demand planner forecasted in Jun-2017 for the time period Aug-2017. The forecast was 800 units, but the actual bookings turned out to be 1000 units for the month of August. What is the forecast accuracy and bias for the month of August? Did the demand planner under or over-forecasted? What forecast lag does this accuracy/bias represent?
Problem 2:
CISCO’s distribution strategy is to have at least 2 weeks of Inventory in the distribution stock as OH. The end consumer demand (POS) is $16,000,000 per year (52 weeks in a year). What should be the average inventory that the distributor needs to hold during a week?
Problem 3:
Play the supply chain game (follow the link provided in Week 6 folder for directions and to start up the game). Details are also provided in slide#14 (class slides).
Take the screenshot of the output of the game (after the game is over) and submit it as part of this assignment.
