HELP PLEASE!! DO YOU AGREE WITH THIS STEMENT? YES OR NO ; NB NUMBER AND #2 IS TWO DIFERENTE STATEMENT.

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a) When it comes to supply and demand if not aligned properly there will either be a surplus of demand or a surplus of supply, it is generally better to have asurplus in demand as this can be a good sign that the business is offering a good enough product that there is no trouble in finding people to purchase the product, however too much suprlus in dmenad can have negative effects in the long term. If customers cannot get a product in a timely fashion or if the business is not capable of producing enough products to support demand then customers may move to a different product or brand. Demand forcasting can be used to ensure that the business can produce enough units to support the forecasted demand. Additionally, companies can adjust prices and lead times on products in combination with offering substitutes or alternative products to encourage customers to purchase other similar products from the company that there is less demand for. (Langley et al., 2021, p.210)

b) Outbound logistics systems also referred to as physical distribution deals with the fullfillment of a customers order. This directly impacts the needs of the customer because the customer generally purchases a product with the expectation that the product will arrive at a certain time, for a certain price, to fullfill a specific purpose or need. Outbound logistics systems help to inform the customer through communications and ensure that their order is fullfilled in a timely fashion in the shape they expect it in. A good example of an a company with an effective outbound ligistics system is Amazon. They provide customers with fast shipping that can be tracked from the moment the order is placed up until it arrives on their doorstep. Amazon can provide customers with updates on shipping times and can use forecasting to increase the speed customers recieve their products by placing in demand products at the appropriate fullfilment centers.

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1. Supply and demand can cause logistical nightmares when the two are not properly aligned. Some of these issues include a surplus of inventory in warehouses or distribution centers, sunk costs resources on production of goods that no longer have a demand, loss of customer confidence when inventories cannot be replenished. These can all lead to consumers turning to a competitor's products. The text lists two methods that are used to reduce the effects of this imbalance. Used properly and they can lessen the waste of resources and losing dollars. The first method is external balancing which include price and lead time. External balancing is used in an attempt to change the manner in which the customer orders in an attempt to balance the supply-demand gap. The other two methods, inventory and production flexibility, are referred to as internal balancing. These four methods can be used in conjunction with one another as well to allow some flexibility on straining any one source.

a)The two processes, S&OP and CPFR do have some similarities that make both very useful models. They also differ in a few aspects. Both models involve integration amongst internal business units. They both involve the collaboration and sharing of data and forecasts amongst the stakeholders that are actively using that data.

b) In differences, the S&OP describes how organizations are structuring their planning processes to arrive at a consensus forecast internally. This process also involves forecasting from multiple business units that must arrive on a forecast that is realistic and be executed. The CPFR replaces the traditional method of forecasting where each partner developed its own forecast for inventory and each forecast was different. CPFR allows partners to agree on a single execution plan, unlike the S&OP.