In the retail world, there is a significant difference betweensteady-state and peak holiday demand. After reviewing the DemandForecasting Graph presentation, analyze and explain the measuresrequired to ensure customer satisfaction throughout the scenariobelow. In other words, where is the supply risk? As you read thescenario below, keep in mind the service-level agreement to have acertain amount of product on the shelves. Think about when toorder, how much to order, and the delivery time that would ensurethat the product is available to the customer at the right time andwhen it is in demand. Scenario: This year, management has decidedto offer a significant discount during peak season on currentwidget inventory due to the upcoming release of the new andimproved Widget 2.0 arriving next year. Assuming each square onslide 2 of the Demand Forecasting Graph presentation (titled EOQand Demand Adjustments) is equal to an economic order quantity, howand when would you recommend preparing for the estimated surge indemand for the sale? What other elements of the supply chain shouldbe considered when preparing for this increase in demand?
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