GROUP 3- LAURETA

It refers to the process of estimating future customer demand for a product or service. It involves analyzing historical data, market trends, and other relevant factors to make predictions about the quantity and timing of future demand?

• Demand Forecast

• Demand Forecast Management

• Demand Forecasting Management

• Demand Forecasting

All of the following are importance of demand forecasting except?

• Effective Planning

• Market Trends

• Inventory Management

• Efficient Resource Allocation

Examining past sales data provides insights into seasonal patterns, trends, and demand fluctuations?

• Historical Data

• Financial Planning and Budgeting

• Supply Chain Management

• Inventory Management

Assessing the impact of marketing campaigns, pricing strategies, and promotional activities on demand?

• Customer Feedback

• Product Life Cylce

• Marketing and Promotions

• Historical Data

Monitoring industry trends, economic conditions, and changes in consumer behavior helps anticipate shifts in demand?

• Inventory Management

• Marketing and Promotions

• Historical Data

• Market Trends

Recognizing where a product is in its life cycle (introduction, growth, maturity, or decline) influences demand patterns?

• Risk mitigation

• Inventory Management

• Product Life Cycle

• Causal Technique

By forecasting demand accurately, businesses can fulfill customer requirements in a timely manner?

• Risk Mitigation

• Qualitative Technique

• Financial Planning and Budgeting

• Customer Satisfaction

This is an examples of Demand Forecasting Except

• Service Industry

• Customer Satisfaction

• Supply Chain Optimization

• Retail Industry

Example of Techniques in Demand Forecasting except?

• Demand

• Qualitative

• Causal

• Quantitative

Subject Code Of SCM in Hospitality Industry