Develop a Forecast for the Next Period, Given the Data

question 127

Essay

Develop a forecast for the next period, given the data below, using a 3-period moving average.

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Definitions:

Local Optimization

Focusing on improving or optimizing a specific part of a system or process, without necessarily benefiting the system as a whole.

Pull Data

Accurate sales data that initiate transactions to “pull” product through the supply chain.

Vendor-managed Inventory

A supply chain initiative where the supplier is responsible for managing and replenishing inventory based on agreed levels at the customer's location.

Vertical Integration

The strategy of extending a company's operations within its value chain, either backwards into producing raw materials or forward into distribution and sales.