Business Finance Homework Help
University College London Demand Forecasting & Inventory Management Questions
All questions within are related to theories/models and case studies that you were advised to research in advance of the examination. The combined maximum word count for these questions should be 1600 words
The combined maximum word count for this paper is 1600 words. The suggested word count of 400 words for each question serves as guidelines.
Question 1
Define Capacity Management and identify various approaches to better deal with demand. Use examples to support your answer
(15 marks)
Discuss how technology can improve demand forecasting and inventory management. Use examples from industry
(10 marks)
(Total 25 Marks)
Question 2
Discuss how Smart Supply Chain Management can be aligned with corporate strategy and reinforce the supply network
Identify advantages and limitations from such alignment using examples from any sector/industry
(Total 25 Marks)
Question 3
Using relevant examples from the manufacturing or service sectors discuss how Sustainability, Lean strategy and Industry 4.0 when interconnected, can enhance a business’s overall performance
(20 marks)
Make Recommendations for future trends
(5 Marks)
(Total 25 Marks)
Question 4
‘In the old times the three most important things were location, location, location. Nowadays it is all about technology, technology, technology’.
Based on the above statement by S. Bezos, discuss how digital technology can be used to process information and customers to ensure performance objectives within the process are met to a high standard while minimizing trade-offs.
(12 marks)
What are the challenges for an organization in implementing IT systems and what are your recommendations? Use examples of how these apply within Amazon or a company of your choice
(13 marks)
(Total 25 marks)