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1. How can forecasting improve your operations and supply chain processes?

2. What are the differences between independent and dependent demand?

 

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EYS***758 2019-09-23 11:32:27
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Solution Preview

Forecasting is simply predicting what is likely to happen in the future. It is not possible to predict consistently what the future will be. Forecasting when not done properly will either leads to over bloated inventory or deficit in inventory. Either way has a cost implications so it is important to 

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