A company is into manufacturing an antibiotic product. This is for veterinarian purposes. During floods when animals such as cows,

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

1(a). A company is into manufacturing an antibiotic product. This is for veterinarian purposes. During floods when animals such as cows, buffalos, or other bovine species have digestive disorders, this medicine is very effective. If you were to give a thought to having a supply chain designed for this company, what will be your choice - responsiveness or efficiency? Ideally, how will you balance these both? 

1(b). Consider the situation of a pharmaceutical manufacturer. The basic raw material is abundantly available and comprises almost 75% of the total cost of the finished product. However, they also require some other ingredients that are not very expensive and also are required in small quantities but are available only seasonally.

From the ABC, SDE, and SOS inventory model strategies, what type of inventory strategy you would suggest to this company and why?

 

2. Following data is sourced from the regulatory authorities. Using this data, build the below-given forecasting models:

• Naive Forecast

• 2 Months Moving Average

• Exponential Smoothing (Alpha = 0.3)

Out of the above three, which model will give the most accurate results? (Using MAD - Mean Absolute Deviation to compare the models)

 

3. Below are the details of the inventory of a store dealing with automobile spare parts. Using the concepts of ABC analysis, categorize the spare parts into A, B, and C categories. (If required, you may have assumptions, but do mention them in your answer.) 

 

Attachments:

Related Questions

. The fundamental operations of create, read, update, and delete (CRUD) in either Python or Java

CS 340 Milestone One Guidelines and Rubric  Overview: For this assignment, you will implement the fundamental operations of create, read, update,

. Develop a program to emulate a purchase transaction at a retail store. This  program will have two classes, a LineItem class and a Transaction class

Retail Transaction Programming Project  Project Requirements:  Develop a program to emulate a purchase transaction at a retail store. This

. The following program contains five errors. Identify the errors and fix them

7COM1028   Secure Systems Programming   Referral Coursework: Secure

. Accepts the following from a user: Item Name Item Quantity Item Price Allows the user to create a file to store the sales receipt contents

Create a GUI program that:Accepts the following from a user:Item NameItem QuantityItem PriceAllows the user to create a file to store the sales receip

. The final project will encompass developing a web service using a software stack and implementing an industry-standard interface. Regardless of whether you choose to pursue application development goals as a pure developer or as a software engineer

CS 340 Final Project Guidelines and Rubric  Overview The final project will encompass developing a web service using a software stack and impleme