Forecast accuracy using better market intelligence

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Reference no: EM132247250

1. Consider two products with the same cost but different margins. Which product should have a higher level of product availability? Why?

2. Consider two products with the same margin carried by a retail store. Any leftover units of one product are worthless. Leftover units of the other product can be sold to outlet stores. Which product should have a higher level of availability? Why?

3. A firm improves its forecast accuracy using better market intelligence. What impact will this have on supply chain inventories and profitability? Why?

Reference no: EM132247250

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