Inventory is often a necessary component to business, especially retail. Retail businesses often maintain an inventory of products to allow for sales and customer demand; however, inventory does not have to be limited to product inventory. Staffing can also be considered inventory with respect to forecasting, as a business must maintain a certain level of staffing in order to fulfil the business requirements.
As a financial manager, you are tasked with ensuring proper stock levels of widget A are available for purchase to fulfil customer demand.
In this recipe, you will learn to use forecasting functions to ensure proper product levels.
For this recipe, we will utilize a toolset in ...