How does proper forecasting for manufacturing of a product aid the business in meeting demand of...

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General Management

How does proper forecasting for manufacturing of a product aidthe business in meeting demand of that product? In your answerdiscuss how season trends and cyclical products are impacted withthese manufacturing decisions.

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The role of demand forecasting is very essential to the Company in Supply chain management for manufacturing of a product to aid the business in meeting demand of that product It facilitates the Company to estimate the probable demand of a Product in a given industry including that of the current demand and what could be projected in the days ahead Proper Demand forecasting therefore helps in determining the level of production that is needed to meet the demand of the product Seasonal and cyclical products are highly impacted with these See Answer

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