1) Conduct research to show how forecasting plays a role in planning and operations management within organizations
2) In addition, show how forecasting can have a positive and/or negative affect on business operations.
1) Conduct research to show how forecasting a role plays in planning and operations management within organizations
The forecasting plays an important role in planning and operations management in an organization. Usually in firm the forecast of product demand is the most important basis for most important planning decisions. Forecasting plays an important role in scheduling, inventory, production, facility layout and design, workforce, distribution, and purchasing. Without a forecast of ...
forecasting in planning and management is discussed in great detail in this solution.