Demand Forecasting Tools
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What type of demand forecasting tool or system does your company or business use. Do you think that this is the best method?
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Solution Summary
This solution describes the Delphi Technique in a company and how it is the best method for the company. It explains the situations applicable for the Delphi Technique and also discusses the limitations of the technique. References used are included.
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Our company is an online education service provider. We use Delphi Technique for demand forecasting. Most often this technique is used for forecasting future events or products. The basic strategy behind Delphi evaluations is to get estimates from experts and then use those estimates to get more estimates from experts until enough information is available to conduct the evaluation. Opinions expressed as part of a Delphi Technique session are usually exempt from retaliation from the organization, ...
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