Market dimension
Technology
Resource
Time dimension
Agile
1. HP printer assembly after knowing the configuration
2. Zara
3. Dell
Forecasting
Effect of forecasting on
1. Human resource
2. Capacity: Amazons message that kindle is sold out due to heavy customer
demand. Error in forecasting
3. SCM
Forecasting methods
1. Qualitative method
a. Jury opinion
b. Delphi method
c. Salesforce
d. Consumer market survey
2. Qualitative methods
a. Time series
i. components
1. Trend
2. Seasonality
3. Cycles
4. Random variables
ii. Nave
iii. Moving average
iv. Weighted moving average
v. Exponential
vi. Trend adjusted exponential
Seasonal variations in data : demand for suncream highest in summers
b. Associative models
i. Regression
ii. Correlation
c. Adaptive forecasting : computers
d. Focus forecasting
Forecasting in services sector
1. Retail sector : barbers, hotels
2. specialty retail shops. : flower shops
3. fast food restaurants
4.
Role of IT in forecasting
1.
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