3. Describe the key outputs of an aggregate plan and their implications for supply chain managers.

4. As the VP of Supply Chain management at your firm, how do you describe to people what you do? In other words, define the term "supply chain management."

5. Although there are numerous benefits to the use of modeling and simulation in network design, there are also some downsides or limitation to the use of these technique on decision-making. List and briefly describe at least three examples of additional information or factors that might be important but difficult to capture in a mathematical model or network design simulation.

6. Your authors state that "aggregate forecasts are more accurate than disaggregate forecasts." What do they mean when they say that and please describe at least one example to illustrate your point?

8. What is meant by the "scope of strategic fit" and why is this concept important to supply chain managers?

9. The authors of your text identify a number of additional factors that should be addressed or at least considered when designing distribution networks in practice. Two of these include "ownership" and the "long-term consequences" of distribution network decisions. Why are these important to supply chain managers?

10. Your authors state that flexibility is important in supply chain contracts. In your opinion, is it possible to quantify the value of flexibility and, if so, how?