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Important for effective supply chain management

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1. Identify and explain the major factors in the social environment that creates an atmosphere in which business criticism takes place and prospers. Provide examples. How are the factors related to one another? Has the revolution of rising expectations run its course? Or is it still a reality among young people today?

2. Define demand forecasting and discuss why you think it is/isn’t important for effective supply chain management. Explain how organizations plan and coordinate demand and supply in a supply chain. Next, explain the connection between the uncertainty of demand and the chain inventory.

Reference no: EM132273803

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