Demand Forecasting

Demand Forecasting

Question One

Major Companies and Identifying Demand Forecast

Answer

Within the manufacturing concerns, the demand forecasting remains essentially important. Demand forecasting help making companies assess the need of its products in future and plan their work accordingly (Lewis, 2012). The two companies selected which utilize demand forecasting techniques in its daily operations routine are Toyota and Coca Cola. Toyota remains most famous company to deploy efficient supply chain management. The company utilizes the demand forecasting to manage its inventory in 'Just in Time' manner which makes the company capable to fulfill the demands and also not to stick its money in huge ...