A summer student working at a small local firm has been assigned the task of forecasting. The
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A summer student working at a small local firm has been assigned the task of forecasting. The president tells her that for some products, there is not enough relevant historical demand to use any of the traditional forecasting techniques described in this chapter. What are the possible reasons the president could give? What should the summer student do? If the student wanted to use historical demand of a related item to forecast one of the items that does not have enough relevant history, what factors should she consider?
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Inventory And Production Management In Supply Chains
ISBN: 9781032179322
4th Edition
Authors: Edward A Silver, David F Pyke, Douglas J Thomas
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