Dan owned a farm. Most of his products are being supplied to different restaurants. Products include cow's
Question:
Dan owned a farm. Most of his products are being supplied to different restaurants. Products include cow's milk, chicken egg, meat (chicken, pork, and beef). On the side, they also sell carrots, lettuce, and tomatoes, but in smaller quantities. He is a go-to person for the nearby restaurants if they wil be out of supply, Dan is well-loved by his suppliers because of the product quality and the accessibility of his farm. Some of his customers include salons, trucking services, and Telecommunication Company. He is leading when it comes to his competitors, but the newly opened farm is catching up. The farm is owned by Kai and they are selling beef alone. Kai is planning to diversify his products to reach a bigger market. The majority of the buyers wanted a weekly supply and some wanted it daily. Question: What forecasting strategy can you provide to both Dan and Kai considering the competition and the demands?