"LOVE." - Forecasting
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"LOVE." - Forecasting

638451

  • High School
  • 644

Short excerpt:

In business, forecasts are typically major inputs for satisfying the demand of customers by providing adequate supply. Unless an organization measures correct forecast, it will be unable to provide appropriate products or services, which would result in delay in operation and customer dissatisfaction. Generally, forecast is just a guess for future occurrences, and despite using best computer systems and best applications, the forecast can be wrong. In certain circumstances, forecast can fluctuate unusually with the market phenomenon which makes it a bad forecast. The most significant result of bad forecast is immense damage in the supply chain management system. If a companys forecast is higher compared to the expected demand then it has to bear additional costs due to high level of

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