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Forecasting for Wal-Mart; How does it relate to product development and services

1) How is forecasting carried out in a company such as Wal-Mart (be sure to specify the level you are discussing)?

2) How does that relate to product development and services it offers?

3) What are the difficulties your organization faces most in coming up with accurate forecasts? Could they improve their forecasts by using different methods?

Please include any reference materials used

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1) How is forecasting carried out in a company such as Wal-Mart (be sure to specify the level you are discussing)?

* For large companies like Wal-Mart, forecasting is done by management through the use of historical sales data, mathematical calculations (forecasting models) and human intuition to forecast future inventory requirements and allows adjustments for seasonal fluctuations, thus ensuring that forecasting matches the natural curve of your business demand. By making forecasts ...

Solution Summary

The solution forecasts for wall-mart on how it relates a product development and service. The difficulties organizations face are determined.

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