1. DEMANDFORECASTING 2. DEMAND FORECASTING• Forecasting of demand is the art of Predictingdemand for a product or a service at some future dateon the basis of certain present…
PRODUCTION AND OPERATIONS MANAGEMENT Chapter 3 DEMAND FORECASTING Chapter 3 Demand Forecasting Forecasting Defined : Forecasting is the first step in planning. It is defined…
1. DEMAND FORECASTING 2. Demand Forecasting Is to predicate the future situations of business Why necessary ? To minimise risk & uncertainty in business INTRODUCTION…