OCSM Week 4 Questions

Topics: Supply chain management, Forecasting, Management Pages: 3 (536 words) Published: January 27, 2015

Questions 1, 2, 3, and 4 on page 249.
1. What is the difference between supply chain management and demand management? Supply chain management is concerned with the design and management of value-added process that not only cut across organizational boundaries but must be tightly integrated to allow information and materials to flow and be deployed within and across them. Demand management refers to decisions that are taken to affect the quantities demanded of one or more product that are served by a supply chain. 2. Define the supply chains for the following products from the first source of raw materials to the final customer: a. Big Mac

b. Gasoline
c. Automobile repair
d. A textbook
3. Why is supply chain management an important area to study? How do the functions of purchasing and logistics contribute to supply chain performance? 4. How do lead times and forecast errors affect supply chain performance?

a. Questions 10, 12, 15, and 18 on page 250.
10. Suppose management has decided to improve supply chain structure. How would you decide which of the five approaches to structural improvement to use? 12. Relate off-shoring to outsourcing to global sourcing.

15. Explain what is meant by cross-docking, and describe the associated benefits. 18. How can the entire supply chain benefit from the use of e-procurement?

b. Questions 1, 2, 4, 6, 10, and 13 on page 276.
1. Is there a difference between forecasting demand and forecasting sales? Can demand be forecast from historical sales data? 2. What is the distinction between forecasting and planning? How can organizations become confused over forecasting when this distinction is not clear? 4 – Qualitative forecasting methods should be used only as a last resort. Agree or disagree? Comment.

6 – Qualitative forecasts and causal forecasts are not particularly useful as inputs to inventory and scheduling decisions. Why is this statement true?

10 - Describe the difference...
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