Question: In order to do planning, you must know how much demand exist for each item sold and when that demand appears. A companies' ability to

In order to do planning, you must know how much demand exist for each item sold and when that demand appears. A companies' ability to deliver goods and services in the correct quantity, at the correct time, at the correct location, and in good working order, are rewarded with satisfied customers.

Instructions:

  • What forecasting tools and/or methods have you worked with?
  • What forecasting tools and methods were used at companies you have worked for? (or make one up where this is seen as relevant ofc)
  • What type of issues were typically encountered in developing the forecast?
  • How were this issues dealt with ?

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