Forecasting and Managing Demand
After reviewing this week’s materials, respond to the following questions:
Based on the different models and industry practices, which forecasting and demand management practices do you feel are most strategically sound and easiest to implement?
Which methodologies can be applied to your own business to improve forecasting and demand management practices?
What benefit could adopting these practices have for your business in terms of cost savings or customer satisfaction? If possible, include specific metrics to support your position.
Include references from this week’s materials or other reputable sources to support your response.
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