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Briefly answer the questions below, which follow up on the in-class exercises. a) Suppose with better forecasting techniques, you could reduce the forecast error for

Briefly answer the questions below, which follow up on the in-class exercises. a) Suppose with better forecasting techniques, you could reduce the forecast error for product demand by 25%. Which costs would decrease under each sourcing strategy? b) Suppose you could reduce the lead time from producing garments locally by 25%. What costs would decrease

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