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TRL3707 assignment 1 solutions semester 1 2024 (Full Solutions)
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TRL3707ASSIGNMENT 1 SEMESTER 1 2024
Unique Number:
DUE DATE: : 19 March 2024
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Question 1
1.1 Forecasting is an essential tool that can assist Barista (Pty) Ltd in mitigating the
challenges it faces in its supply chain, production, and visibility. Forecasting involves the
use of historical data and other information to predict future events or trends, which can
help the company make informed decisions and plan their operations more effectively.
Firstly, forecasting can help Barista (Pty) Ltd in managing its complex supply chain by
predicting demand for coffee beans from various suppliers. By analyzing historical data
and taking into account market trends and customer preferences, the company can
anticipate the quantity of coffee beans needed from different regions and plan their
procurement accordingly. This can help in reducing complications in tracking and
maintaining inventory levels, minimizing the risk of stockouts or overproduction.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. This document is to be used for
comparison, research and reference purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or by any means.
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