Custom_Cakes.pdf - Feedback on Your Choices in Custom Cakes...

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Feedback on Your Choices in Custom Cakes Name: Taylor Herb The character in this simulation provided good advice about demand, based mainly on their own experiences. If you listened to them, and computed inventory levels three days ahead, you would be able to reach reasnonable equilibrium in your supply chain by the end of the first week. 1. Your Demand Forecast Accuracy Results Points: 15 out of 15 Here are your results for the three weeks beginning with Wednesday, May 7, When your own ordering determined the results. Mean absolute percentage error(MAPE) Week 1 May 7 - May 13 18.29% Week 2 May 14 - May 20 0.00% Week 3 May 21 - May27 0.00% Careful ordering that pays close attention to the data and the character's advice can result in a Week 3 MAPE less than 3%. Your Week 3 MAPE was 0.00%, earning 15 points out of 15. 2. Your Financial Loss Results Points: 15 out of 15 Losses result from lost sales due to undersupply, and also the costs associated with oversupply. Cost of Lost Sales From Underestimated Demand Cost of Losses From Oversupply Total Losses Week 1 May 7 - May 13 $0.00 $987.00 $987.00 Week 2 May 14 - May 20 $0.00 $0.00 $0.00 Week 3 May 21 - May27 $0.00 $0.00 $0.00 Total $0.00 $987.00 $987.00 Careful ordering can result in a Week 3 loss under $100.00. Your total loss for week 3 totaled $0.00, earning15 points out of 15. 3. Your Supply Chain Metric Choices Choice 1: Points: 5 out of 5 Choice # 1(Implemented in Week 2) Your Choice Correct Choice Comment Points Earned 1. Total gross sales for the past 7 days Weekly summaries can help with longerterm
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