"In the field of business studies and management, the term ‘demand forecast’ indicates the process of understanding or estimating future customer demand with the help of already existing data and other informational factors. The process mainly works on either qualitative or quantitative methods and effectively helps optimize supply decisions by corporate business management and supply chain. Especially in the delicate field of work that is business, the appropriate and most accurate employment of the process can help one move mountains although the poor application of this method will have you end up in lost revenue and drained sales and inventory. It is extremely important that forecasting be handled strategically and cleverly and to do so, one must understand it thoroughly. Business and management students will find this PPT useful as it describes the ""what's and how's"" of the process. Good luck to the business person in you!"

Jincy Anna Joy

42 resources

0

0

0

Like