|Starting Date||Wednesday, December 01, 2021|
|Closing Date||Tuesday, December 07, 2021|
|Question Title||GDB No. 1|
Production planning and inventory control (MGMT617)
Total Marks: 5
Graded Discussion Board
To evaluate the students if they can apply the concept of forecasting in a given hypothesized scenario:
The main objective of demand management is to produce a forecast. In any given environment, the forecasts are very important, and using those forecasts the plan is developed. Given that there are different methods of forecasts including subjective and objective methods, you are required to mention different subjective forecasting methods. Moreover, please state explicitly why “Sales force surveys and “Jury of experts “are not assumed ideal. If these two methods are not ideal, in your opinion what could be a possible way forward for an organization, pertinent to subjective forecasting and why?
The students are expected to come up with some solid reasoning and example to the given context.
Stay touched with this discussion, Solution idea will be uploaded as soon as possible in replies here before the due date.
Today is last day for submission