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  • Demand Forecasting: Its Importance and Uncertainities

    Загружено:

    Mohammad Arsalan
    4 просмотров3 страницы
    Demand forecasting is crucial for business planning and operations as it allows suppliers, manufacturers and retailers to plan for future finished goods. However, demand forecasts are inherently uncertain due to errors arising from limitations in past market data, forecasting methods, and environmental changes that are difficult to predict. Accurate demand forecasts still lead to more efficient operations and higher customer service.

    Исходное описание:

    forecasting demands

    Оригинальное название

    Demand Forecasting

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    Demand forecasting is crucial for business planning and operations as it allows suppliers, manufacturers and retailers to plan for future finished goods. However, demand forecasts are inherently uncertain due to errors arising from limitations in past market data, forecasting methods, and environmental changes that are difficult to predict. Accurate demand forecasts still lead to more efficient operations and higher customer service.

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    © All Rights Reserved
    Скачайте в формате PPTX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    4 просмотров3 страницы

    Demand Forecasting: Its Importance and Uncertainities

    Загружено:

    Mohammad Arsalan
    Demand forecasting is crucial for business planning and operations as it allows suppliers, manufacturers and retailers to plan for future finished goods. However, demand forecasts are inherently uncertain due to errors arising from limitations in past market data, forecasting methods, and environmental changes that are difficult to predict. Accurate demand forecasts still lead to more efficient operations and higher customer service.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате PPTX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 3

    Demand

    forecasting
    Its importance and
    uncertainities

    Importance
    Crucial to supplier, manufacturer or retailer.
    Business decisions.
    Planning for future finished goods.
    Accurate demand forecasts lead to efficient

    operations and high levels of customer


    service.
    Improve quality & effectiveness of product.

    Uncertainities
    Demand forecasts are subject to error and

    uncertainty which arise from three different


    sources:
    1. Data about past and present market.
    2. Methods of forecasting.
    3. Environment change.

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