Question: Explain the relationships between Forecasting and Inventory Management to a new (non perishable) consumer retail business in your city that has about 2 million residents.

Explain the relationships between Forecasting and Inventory Management to a new (non perishable) consumer retail business in your city that has about 2 million residents. The company will employ about 100 people to start out. What do they need to understand?

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Forecasting and inventory management are crucial aspects of running a consumer retail business and understanding their relationship is essential for efficient operations Heres an explanation of how th... View full answer

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