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Based on your Learning Team’s earlier work, the company president is now an avid believer in the power of logistics and wants to know more about using forecasting and inventory analysis to develop and maintain a competitive advantage.
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Prepare a 700 to 1,050 word paper explaining three forecasting techniques (historical trends, weighted averages, and customer bookings) that you would consider for your new organization. Include the following:
Compare and contrast the benefits of each and then make a final recommendation for the best technique to implement in your new organization.
Analyze the impact on the organization of forecasting and inventory strategies from both a manufacturing and service perspective.
Differentiate among the various inventory methods and types and their applications.
