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In every business forecasting is used merely to consider and determine the supply and demand of customer needs. Lets use my recent store purchase of
In every business forecasting is used merely to consider and determine the supply and demand of customer needs. Lets use my recent store purchase of Scotts toilet paper at the local Dollar General for example. As a former employee I know that it's mandatory that employees use a handheld device, identical to a smartphone, to scan and correct the number of items available on the shelves or on hand to stock. Sometimes there are overstocked items. When the overstocked items aren't manually input into the hand held scanner can cause an overload in supplies. The scanned information would be sent over to the vendors system automatically for weekly orders. This process makes it much easier instead of having to call or email each vendor for supplies. Next, the semi truck would arrive at the factories, such as Kimberly-Clark to receive paper products, for loading by the factory employees. The number of manufacturing partners is unclear. However, Dollar General carries multiple products and items such as toothpaste, paper products, and also pet supplies for the local community to purchase.
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