Business Finance Homework Help. Fashion Institute of Merchandising Demand Forecasting and Planning Discussion
SESSION 2 DISCUSSION BOARD
Complete the required reading and answer the following questions (25 points).
- Explain the importance demand forecasting and planning? Discuss 2 variables that must be considered when creating a forecast.
- Explain the bullwhip effect, its causes and how companies can reduce it. Give an example of a company who has successfully or unsuccessfully managed the bullwhip effect.
- When does localization make sense for optimizing product mix and sales? Give an example of a specific business or product where that would work.
