a) The Sales and marketing team are concerned that the Production Team has not been satisfying their demand and this has been negatively impacting their sales over the past 4 months. They have decided to a training with the production Team and the following items need to be prepared for discussion

i. Briefly explain the term demand pattern.

ii. Briefly explain the four (4) types of demand patterns that the firm's products and services may experience.

iii. Define the term moving average.

iv. Calculate the four- and fifth-month moving averages if demand over the past three months has been 220, 235 and 150 units.

b) Briefly explain the term order points, lead time and safety stocks in inventory management. 6 Marks c) Calculate the order point if demand is 600 units per week, lead time is 5 weeks and safety stock is 700 uni