Background
In your research, you’ve come to learn quite a bit about how the supply chain works. You are already familiar with the concept of supply chain planning but didn’t realize the potential concerns involving ethics. Ethics is on your mind because you’ve overheard a few peers talking about what other companies are doing to create unfair competitive advantage.
Instructions
Read the case study Managing Functional Biases in Organizational Forecasts: A case Study of Consensus Forecasting in Supply Chain Planning and answer the following questions:
1. How has bias (i.e., intentional and unintentional) in forecasting affected forecasting in supply chain planning? Can bias be eliminated?
2. What is one strategy that is likely to improve the accuracy of forecasting without political influence?
3. Three propositions are provided at the end of the study. Pick one and provide a short reflection on it. Do you think it will work? If so, why? If not, what are the assumed limitations to the proposition?
Length
This assignment must be 2 – 3 pages (excluding reference page).
References
Include at least 2 scholarly resources.
Additional Resources
Please select the direct link to view the case study for this assignment. The case study link is also available under the Course Resources tab in your Library Guide.
Direct link: Managing Functional Biases in Organizational Forecasts: A Case Study of Consensus Forecasting in Supply Chain Planning
Oliva, & Watson, N. (2009). Managing Functional Biases in Organizational Forecasts: A Case Study of Consensus Forecasting in Supply Chain Planning. Production and Operations Management, 18(2), 138–151. https://doi.org/10.1111/j.1937-5956.2009.01003.x