What are the basic types of forecasts? What are their strengths and weaknesses?
Answer to relevant QuestionsWhat are the basic elements of the S&OP process? How do marketing, logistics, finance, and manufacturing contribute to each element? What events might occur when an organization is out of stock of a needed product? How might the cost of a stockout be calculated? Organizations can have three levels of involvement with respect to customer service. What are these, and what is the importance of each? How can inventory carrying cost be calculated for a specific product? What suggestions would you offer for determining the measure of product value to be used in this calculation? What are the primary capabilities, advantages, and disadvantages of each of the basic modes?
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