In your discussion, advise on how suppliers may be evaluated and rated.

QUESTION $3$

Being able to closely match demand and supply involves having information about buying patterns a purpose that is

fulfilled by forecasting. Forecasting is considered as the art and science of predicting future events $($Heizer and Render,

$2014$:$140).$

$3\mathrm{.}1$ Distinguish between qualitative and quantitative forecasting.

$3\mathrm{.}2$ Critically discuss the characteristics of forecasts and their strategic importance.

QUESTION $4$

$(25$ Marks$)$QUESTION $3$

$(25$ Marks$)$

Being able to closely match demand and supply involves having information about buying patterns a purpose that is

fulfilled by forecasting. Forecasting is considered as the art and science of predicting future events $($Heizer and Render,

$2014$:$140).$

$3\mathrm{.}1$ Distinguish between qualitative and quantitative forecasting.

$(10$ marks$)$

$3\mathrm{.}2$ Critically discuss the characteristics of forecasts and their strategic importance.

$(15$ marks$)$

QUESTION $4$

$(25$ Marks$)$