Directions
Independently answer the following essay questions using your own words:
Essay Items
- How are integrated operations controlled through Collaborative Planning, Forecasting, and Replenishment (CPFR) and associated execution techniques?
- How do inventory management practices and policies influence planning inventory requirements and managing uncertainty?
- Describe the major demand forecast components, and why it is important to decompose demand into these components when developing new forecasts.
- What are the major challenges associated with using CPFR in forecasting accuracy?
- Describe the relationships between service level, uncertainty, safety stock, and order quantity.
- Analyze the differences between reactive and planning inventory logistics by explaining the major advantages and implications of each strategy.
Paper Requirements
The response to each essay item should not exceed one (1) page (6 pages in total for the assignment) using double-line spacing and 1-in. page margins throughout. The writing should be free of spelling and grammar errors, and comply with the current APA style guidelines for citations and references.