Forecasting can be described as an art and a science. Give a brief explanation  of the best application for the forecasting techniques listed below.

Q1 – Researching Forecasting Technique
Forecasting can be described as an art and a science. Give a brief explanation  of the best application for the forecasting techniques listed below.

• 3-Month Moving Average
• 6-Month Moving Average
• Linear Regression
• Qualitative – Delphi Technique

Q2 – Balanced Scorecard

Chapter 14 (Lean Supply Chain and Logistics Management, by Paul Myerson, McGraw Hill, 2012, attached) discusses measurement and balanced scorecards for Supply Chain Management. With the attachment included, answer the following questions.

• Wearing your manager’s hat, with is your assessment of this company’s performance?

• What is your professional opinion (or experience) with Customer, Supplier, and Employee Surveys? How can they be most effective?

• Which measure’s “directional arrow” is pointing the wrong direction?

From your answer in 1, and a manager’s perspective what can we do to get the measure back in line? Give me two specific actions for each RED measure.

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