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| 1. | forecasting | a) | cause to dislike |
| 2. | sell-outs | b) | not easy to find or obtain |
| 3. | ration | c) | sourcing from a lot of different suppliers |
| 4. | withhold | d) | predicting future demand |
| 5. | run out (of) | e) | control the supply of something |
| 6. | scarce | f) | when products have sold so well that there are none left |
| 7. | alienate | g) | information given in advance about when something is happening |
| 8. | must-have products | h) | use up all of something |
| 9. | multi-sourcing | i) | products that everybody wants |
| 10. | notice | j) | deliberately keep something back |
Find five words from Exercise 1 used for talking about product shortages.
Organise the words from Exercise 1 into three groups: nouns, verbs and adjectives.
4. Which word in Exercise 1 has the same meaning as in short supply?
Complete these sentences using words from Exercise 1.
| 1. | By creating the impression that ‘must-have’ products are _____, companies hope to increase interest and push up demand. |
| 2. | When launching new products, there is a suspicion that companies like Apple deliberately _____ or even _____ stock as a way of stimulating demand. |
| 3. | The risk of _____ _____ of stock is that customers will get frustrated and buy a competitor’s product. |
| 4. | Product shortages can quickly result in empty shelves and complete _____-_____. |
| 5. | Because sales were higher than expected, the new LX40 was _____ _____ _____ until production could be increased. |
Find words in the article with the same meaning to replace the words in italic in these guidelines.
| 1. | It’s important that you are able to increase or reduce a production quickly b, so make sure you negotiate flexible contracts. |
| 2. | When choosing suppliers, make sure they are able to increase a deliveries to meet sudden increases b in demand. |
| 3. | Extending a your supply base is also a good idea. It will enable you to increase b production fast c in different locations and use components from different sources. |
Think of at least two other.
| 1. | nouns for expressing the idea of an increase or decrease. |
| 2. | verbs for expressing the idea of increasing or decreasing something. |
| 3. | adverbs for describing the rate or speed of change. |
Find adjectives in the article which mean the same as these words.
| 1. | correct (paragraph B) |
| 2. | difficult (paragraph B) |
| 3. | advanced (paragraph C) |
| 4. | real (paragraph E) |
| 5. | nearer (paragraph G) |
| 6. | expensive (paragraph G) |
| 7. | exact (paragraph I) |
| 8. | shared (paragraph I) |
| 9. | quick to react (paragraph J) |
| 10. | unrestricted (paragraph J) |
9. Find another noun in paragraph I which means forecasts .
Complete these sentences using the prepositions in the box.
| at | by | from | in | in | of | on | to | to | up | with |
| 1. | Forecasting demand correctly and getting products _____a the right place _____b the right time are challenges all companies face. |
| 2. | Manufacturers need sophisticated forecasting tools to predict unexpected increases _____a demand, especially _____b the period _____ _____c Christmas. |
| 3. | Make sure suppliers have the capacity to handle increased demand as part _____ normal service. |
| 4. | Choose flexible suppliers, for example those who are able to increase deliveries _____a 25 per cent, _____b just a few week’s notice. |
| 5. | Increase your supply base so that you buy components _____ different sources. |
| 6. | Forecasting demand correctly depends _____ having the right forecasting tools. |
Reading Comprehension.
Read the article and choose the best option to complete each statement.
| 1. | Forecasting demand is especially difficult for all products at Christmas / new products that become very popular. |
| 2. | According to the write, shortages of ‘must-have’ products are common at Christmas because manufacturers underestimate demand / deliberately restrict stock to get interest. |
| 3. | The writer doesn’t see / sees product shortages as a serious risk for companies. |
| 4. | The best way for ensuring companies have the right stock levels to meet demand is more accurate forecasting / making their supply chains more flexible. |
The article offers four main solutions for dealing with increases in demand. In what order are they mentioned?
| a) | Better communication of information between everyone in the supply chain |
| b) | Supplier contracts with guarantees to increase production at short notice |
| c) | Increasing the number of suppliers |
| d) | More accurate forecasting for a better picture of demand for components |
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