this is for supply chain management 2

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Keeping demand and supply in balance is a constant struggle. The consequences of poor customer service, high inventories, cash flow difficulties, and failure to meet planned business goals lead companies in search of a process to better manage the delicate balance of demand and supply. With reference to this, 1.1 Explain the role of forecasting in balancing production capacity with market demand. (15) 1.2 Discuss with examples, relevant stages to be followed in formulating a demand projection