Question: Discuss several demand forecasting issues
Discuss several demand forecasting issues.
Answer to relevant QuestionsDefine and describe the order cycle. Why is it considered an important aspect of customer service?Discuss the order delivery stage of the order cycle.What are some advantages and disadvantages to checking all orders for completeness and accuracy?Define what is meant by inventory carrying costs, and list its primary components.What assumptions are associated with the EOQ model?
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