Martha was recently appointed inventory manager of Purks Supermarket. Her main responsibility is to ensure accurate flow of information from consumers to the supplier to ensure responsiveness in the product and service flow

Identify and explain the applicable demand forecasting approaches she can employ to determine actual quantities of commodities to be ordered and held. 

 Why would you advise Martha to embrace Enterprise Resource Planning (ERP) as a tool for managing inventory flow?

Answer rating: 100% (QA)

Demand Forecasting Approaches for Inventory Management 1 Time Series Analysis Utilizes historical data to identify patterns and trends over time helpi... View the full answer