After reading this chapter, you will be able to answer the following questions:
- What is the role of forecasting in supply chain management?
- What are the different methods of forecasting? How do firms choose the most appropriate model for a given context?
- How do firms use historical demand data in forecasting?
- What are the significant behavioural issues that need to be considered while designing a forecasting system in the organization?
Mr and Mrs Ahluwalia have come to Ambala to see off their son. While waiting for the train, Mr Ahluwalia picks up a local newspaper and a huge, four-colour supplement catches his eye. Browsing through it he realizes that it is an advertisement. Big Bazaar has floated ...
Get Supply Chain Management: Text and Cases, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.