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Week 3 Discussions and Required ResourcesTwo-part assignment: All parts must be at least 200 words unless otherwise noted. Please read all attachments and follow ALL instructions.Part 1: SuppliersShould a firm attempt to have fewer or more suppliers? What are the advantages and disadvantages of each approach? Your initial post should be 200 words.Part 2:  Forecasting MethodsRead Problem 6 in Chapter 6 of your textbook. Calculate and answer parts a through d. Include all calculations and spreadsheets in your post. Explain why the moving average method was used instead of another forecasting method. What might be another forecasting method that could prove to be just as useful? Your initial post should be 200 words.NOTE: Be sure to have a well-developed paragraph for all required work (posting & responses). A well-developed paragraph contains 5-7 sentences for each paragraph created. 1. Business is a social science.2. A well developed paragraph is 5-7 sentences.3. Use third person voice instead of first person voice.4. You must use a thesis statement when writing your assignments.5. Use a variety of transitions to help the flow of the paragraphs6. Check out the PIE structure of your paragraphs mentioned in the writing center.7. There are two types of in-text citations that you should be using: a. parenthetical and b. signal phraseRequired ResourcesTextVonderembse, M. A., & White, G. P. (2013).Operations management[Electronic version]. Retrieved from Chapter 5: Supply Chain Management: A Strategic Perspective Chapter 6: Models and ForecastingRecommended ResourcesArticleTerreri, A. (2007). Who’s minding the yard?Food Logistics, (97),24-30. Retrieved from the ProQuest database.MultimediaJuly, E. (Producer) & Rodrigo, J. M. (Director). (2003).Business is blooming: The international floral industry(Links to an external site.)[Video file]. Retrieved from the Films On Demand database.Watch the following segment: Ecuadorian Roses for Valentine’s Day: