Describe the effects of the business trends on demand

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Question: 1. What arguments would you use in order to justify tightening the limits used on a tracking signal control chart? How about for loosening the limits?

2. Describe the likely effects of the following business trends on demand forecasting processes:

a. Fast-to-market product design.

b. Division of many markets into isolated niches.

c. The Internet.

d. More powerful and cheaper computers and forecasting software packages. How would you modify your firm's demand management or demand forecasting processes in response to these trends?

Reference no: EM131919660

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