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OMGT2229: Strategic Supply Chain Assignment, RMIT, Singapore: Demand forecasting for 5 kg bag ice and inventory management of 20-roll pack of toilet paper at Caltex
University RMIT University (RMIT)
Subject OMGT2229: Strategic Supply Chain Assignment
Posted on: 16th Apr 2024

OMGT2229: Strategic Supply Chain Assignment, RMIT, Singapore: Demand forecasting for 5 kg bag ice and inventory management of 20-roll pack of toilet paper at Caltex

Task 1: Demand forecasting for 5 kg bag ice and inventory management of 20-roll pack of toilet paper at Caltex

Description:
Demand for ice (in 5 kg bag) at Caltex – a petrol station in Melbourne – for the last five years are as follows:
OMGT2229: Strategic Supply Chain Assignment

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Task Questions to be done in Excel:

a) Estimate the demands for Quarters I, II, III, and IV in Year 6 using a 3-quarter
moving average method.

b) Estimate the demand for Quarters I, II, III, and IV in Year 6 using the static
method.

c) Evaluate the MAD, MAPE and TS (i.e., the KPIs) in each case and compare
them in the format as shown below.
OMGT2229: Strategic Supply Chain Assignment
d) Based on the findings from (b), which of the two methods do you prefer? Why?
(Note: You can give your answer in the table of Question (c).)

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