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M5D1: Forecasting

Sales are generally equal to the lesser of demand or inventory.

  • Discuss a detailed real-life example that outlines how forecasting can and has been used to manage inventory and help streamline product availability.
  • In addition, discuss why it is important that data used for demand forecasting are demand data, not sales data.

Be certain to integrate the readings and research from the online library to support your opinions. You must cite your sources in text and include multiple references in addition to the textbook for your initial response and your replies. Be sure to review your writing for grammar and spelling before posting.

2-4 Paragraphs and must include sources