Company ABC is planning to introduce a new advanced model for their Juice Maker product. The process is mainly fabrication of parts followed by assembly of the final product. The design team of the company is assigned to perform the following tasks. Show how the data is obtained (survey, literature, actual from records). Justify any assumptions used in your analyses. Demand Forecast 6. To forecast the demand for the new model of the product including the following: a. Identify for the forecasting method that will be used: the time frame, demand behavior, and its causes. b. Use Adjusted Exponential Smoothing Model. c. The weighing factors (smoothing constants) to be selected based on experimentation. Inventory Management 7. Manage the inventory of the new model of the product including the following: a. Decide on the type of inventory. b. Use continuous inventory control system with Production Quantity Model. c. Justify any assumptions used in your analysis.

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
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Problem 5.2SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...
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Company ABC is planning to introduce a new advanced model for their Juice Maker product. The process is mainly fabrication of parts followed by assembly of the final product. The design team of the company is assigned to perform the following tasks. Show how the data is obtained (survey, literature, actual from records). Justify any assumptions used in your analyses. Demand Forecast 6. To forecast the demand for the new model of the product including the following: a. Identify for the forecasting method that will be used: the time frame, demand behavior, and its causes. b. Use Adjusted Exponential Smoothing Model. c. The weighing factors (smoothing constants) to be selected based on experimentation. Inventory Management 7. Manage the inventory of the new model of the product including the following: a. Decide on the type of inventory. b. Use continuous inventory control system with Production Quantity Model. c. Justify any assumptions used in your analysis.
Company ABC is planning to introduce a new advanced model for their Juice Maker
product. The process is mainly fabrication of parts followed by assembly of the final
product. The design team of the company is assigned to perform the following
tasks. Show how the data is obtained (survey, literature, actual from records).
Justify any assumptions used in your analyses.
Demand Forecast
6. To forecast the demand for the new model of the product including the
following:
a. Identify for the forecasting method that will be used: the time frame,
demand behavior, and its causes.
b. Use Adjusted Exponential Smoothing Model.
c. The weighing factors (smoothing constants) to be selected based on
experimentation.
Inventory Management
7. Manage the inventory of the new model of the product including the
following:
a. Decide on the type of inventory.
b. Use continuous inventory control system with Production Quantity
Model.
c. Justify any assumptions used in your analysis.
Transcribed Image Text:Company ABC is planning to introduce a new advanced model for their Juice Maker product. The process is mainly fabrication of parts followed by assembly of the final product. The design team of the company is assigned to perform the following tasks. Show how the data is obtained (survey, literature, actual from records). Justify any assumptions used in your analyses. Demand Forecast 6. To forecast the demand for the new model of the product including the following: a. Identify for the forecasting method that will be used: the time frame, demand behavior, and its causes. b. Use Adjusted Exponential Smoothing Model. c. The weighing factors (smoothing constants) to be selected based on experimentation. Inventory Management 7. Manage the inventory of the new model of the product including the following: a. Decide on the type of inventory. b. Use continuous inventory control system with Production Quantity Model. c. Justify any assumptions used in your analysis.
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