18.2.3 - Operations and Supply Chain
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Practice Questions
Test your understanding with targeted questions
What is inventory optimization?
💡 Hint: Think about how a store balances stock.
What is the purpose of demand forecasting?
💡 Hint: Consider why companies want to know what customers will buy.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What technique is often used for inventory optimization?
💡 Hint: Think about balancing stock and costs.
True or False: Demand forecasting helps in planning inventory.
💡 Hint: Think about how businesses prepare for customer needs.
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Challenge Problems
Push your limits with advanced challenges
A company struggles with high inventory costs while facing fluctuating customer demands. Create a linear programming model that can optimize their inventory management.
💡 Hint: Think about how each product affects overall costs.
A food delivery startup uses past order data to predict future sales. How could they implement a demand forecasting model to accommodate peak and off-peak hours?
💡 Hint: Consider seasonality and local events.
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