IGNOU BRL 15 2017 2018 - How Automated statistical forecasting IT systems create far more calcu

Question

How Automated statistical forecasting IT systems create far more calculated and accurate demand forecasting

07 Mar 2018

Answer :

Word Count : 263

The demand forecast drives the integrated business planning (IBP) process and is its largest source of variation and uncertainty. Improv-ing the demand forecast will affect everything throughout the supply

chain. And, it can have a multiplier effect as it travels along the IBP process. Even slight forecasting improvements can have a larger proportional effect on revenue, costs, profit, customer satisfaction and

working capital than any other factor, supply-oriented

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