What is the problem if a manager uses last year’s sales data instead of last year’s demand to forecast demand for the coming year?
Answer to relevant QuestionsHow do static and adaptive forecasting methods differ? What are the major cost categories needed as inputs for aggregate planning? In what industries would you tend to see dual facility types (some facilities focusing on only one type of product and others able to produce a wide variety)? In what industries would this be relatively rare? Why? What is the impact of lack of coordination on the performance of a supply chain? Discuss how various costs for the supermarket change as it decreases the lot size ordered from Proctor & Gamble.
Post your question