Explore BrainMass

Explore BrainMass

    When you look at demand from a forecasting

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    When you look at demand from a forecasting perspective it is the process of having managers predict the demand and making operational plans as a result.

    Demand is the issue because the other locations have prior sales information, but not demand information. How will the current location start to determine demand versus sales?

    © BrainMass Inc. brainmass.com June 4, 2020, 3:01 am ad1c9bdddf
    https://brainmass.com/business/business-management/when-you-look-demand-from-forecasting-494177

    Solution Preview

    Whenever a business has to determine demand and there is no accompanying sales information, there are a few different methods that can be used. One of the primary methods is for management to use an average of the sales data from two or more close competitors. By doing so, management can assess the general level of demand from within the industry. While this won't prove to be ...

    Solution Summary

    When you look at demand from a forecasting perspective it is the process of having managers predict the demand and making operational plans as a result.

    Demand is the issue because the other locations have prior sales information, but not demand information. How will the current location start to determine demand versus sales?

    $2.19

    ADVERTISEMENT