Demand Forecasts Definition and Explanation PDF | Download eBooks
Learn Demand Forecasts definition in supply chain management with explanation to study “What is Demand Forecasts”. Study demand forecasts explanation with SCM terms to review supply chain management course for online MBA programs.
Demand Forecasts Definition:
Projections of a company's sales for each time period in the planning horizon.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Demand Forecasts Explanation:
It is linked with the changing customer demands with the change occur in seasons. So the firms forecast the demand for future according to interest and previous sales of the specific product. It is done on the basis of two main factors that are controllable and non controllable.
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