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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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M6D1

M6D1

Q 1. Predict how retailers would utilize demand patterns to determine optimal inventory levels for seasonal products.

Q 2. Identify the implications (possible outcomes) when demand forecasts are inaccurate for the products with increased holiday demand (provide specific examples of waste throughout the logistics network).

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Demand forecasting has always been an excellent process to optimize the company’s supply chain. Even when it came to managing the inventory levels, the technique of demand forecasting bridged the gap between incidence of market demand and unequal production quantity (Davis, 2013). In all the former modules we have encountered the phrase that excess inventory levels lead to waste