**Introduction to Supply Chain Management
**

Homework Assignment #1

*(100 Points)*

| What is the difference between qualitative forecasting techniques and quantitative forecasting techniques? | 10 Points |

| When is it more appropriate to use a qualitative forecast? | 10 Points |

| When is it more appropriate to use a quantitative forecast? | 10 Points |

| Monthly sales for the RUOK Company for the last 6 months are as follows: Compute the sales forecast for
January 18,000 February 22,000 March 16,000 April 18,000 May 20,000 June 24,000 a) 4 month simple moving average b) 4 month weighted moving average using 0.4 for the previous month, 0.3 for 2 months prior, 0.2 for 3 months prior and 0.1 for 4 months prior. | 15 Points |

| 15 Points | |

| The forecasts generated by 2 forecasting methods and actual sales are as follows:
1 2 3 4 5 6 7 8 Calculate the Mean Absolute Deviation (MAD) for each forecast. · Forecast 1 · Forecast 2 | 15 Points |

| 15 Points | |

| ||

| What does Collaborative Planning, Forecasting, and Replenishment (CPFR) mean – please explain
| 10 Points |