Focus Forecasting Definition and Explanation PDF | Download eBooks
Learn Focus Forecasting definition in supply chain management with explanation to study “What is Focus forecasting”. Study focus forecasting explanation with SCM terms to review supply chain management course for online MBA programs.
Focus Forecasting Definition:
Forecasting that tries a variety of computer models and selects the best one for a particular application.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Focus Forecasting Explanation:
It negates the statistical method of forecasting and tells that organizations should focus on the past rules and strategies and use them in future forecasting. The past data rules testing and then evaluate for the further performance. If they are not performing well can be change any time or would be eliminated.
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