Understanding of the importance of precise demand

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Question: Write it in a different words in a longer form: The rise in demand variability has led to an increase in stockouts, now totaling two. This has resulted in missed sales opportunities, thereby diminishing profits. Analyzing this information provides me with a clearer understanding of the importance of precise demand forecasting. If not, it could lead to a situation where production requirements are not met.

Reference no: EM133645065

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