Question: 1. As inventory management is a significant priority within operations management, it is crucial that managers understand demand forecasting to help streamline product availability and

1. As inventory management is a significant priority within operations management, it is crucial that managers understand demand forecasting to help streamline product availability and achieve customer satisfaction.

Step 1: addressing the following:

  • Identify a global manufacturing firm and explore how forecasting can be used to manage inventory for that firm. .
  • Discuss the components of forecasting demand for inventory produced by the chosen firm.
  • Explore how forecasting could be used to help streamline product availability for that firm.

2. One common term in productions is a push versus pull environment. The push system of inventory control involves forecasting inventory needs to meet customer demand, while the pull inventory control system will only produce enough of a product to fulfill a customer's work orders.

THIS IS A RESEARCH, PLEASE INCLUDE AN INTRODUCTION, CONCLUSION AND REFERENCES:

  • Identify, research, and report back on an organization, company, or any professional setting that would want to investigate using different methods to migrate to a push rather than a pull environment.
  • Explain a current organization, its issues, and the methods you would suggest making this change occur.

REFERENCE;

Abolghasemi, M., Beh, E., Tarr, G., & Gerlach, R. (2020). Demand forecasting in supply chain: The impact of demand volatility in the presence of promotion

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