Question: A common problem faced by those responsible for making sales forecasts is selling the predictions to others such as the vice presidents of marketing, production,

A common problem faced by those responsible for making sales forecasts is “selling” the predictions to others such as the vice presidents of marketing, production, and human resources, and to the CEO or the CFO. These parties hesitate to use forecasts that can have major implications, especially if they are wrong, on their functional area. What can those responsible for sales forecasting do to better sell their results to management? What forecasting guidelines should be followed to improve the predictions?

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Selling sales forecasts to management can indeed be challenging especially when there are significant implications for different departments To improve the acceptance and credibility of your sales for... View full answer

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