A. Demand forecasting form is an essential component of the supply chain process. Its the driver for almost all supply chain-related decisions. What components do you consider to calculate effective demand forecasting?

b. Suppose, you are hired as a supply manager of a newly established Beverage Company. You dont have enough historical sales information to forecast the demand for beverages. In this situation, what type of forecasting technique will you use? Is there any drawback of using your selected technique? Explain. 4 c. Briefly explain the need for including inventory carrying costs in the financial statement.