A manufacturer buys and stores a range of raw materials for their production. Due to poor inventory planning, they have

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A Manufacturer Buys And Stores A Range Of Raw Materials For Their Production Due To Poor Inventory Planning They Have 1 (96.59 KiB) Viewed 9 times

A manufacturer buys and stores a range of raw materials for their production. Due to poor inventory planning, they have very high inventory (much more than needed) in one material which left them without enough cash to purchase other materials tha are needed. They do not have so many options except maybe to borrow money to buy needed material, which decreases their profit due to interest charges a false b. True Clear my choice Medium-term Demand Management is about Mean Absolute Deviation is a simple way to measure the forecast error. Choose the correct statement(s); a. It divides the actual over forecast to determine the error O b. All of the options 2:38 PM Oc. It only works when there is a consistent over-achievement or under-achievement over a period of time d. It compares the cumulative forecast to the cumulative actuals and calculates the error by measuring the difference between the 2 cumulative numbers Be It eliminates the impact of the -ve and -ve signs by considering the absolute value of each error Clear my choice 2:38 PM