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Why are highly promoted products difficult to forecast

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Reference no: EM133529837

Answer the following questions and submit your answers via Canvas in the form of an MS Word Document by the due date specified.

Questions

1. What is demand planning and what purpose does it serve?

2. Why do we need a demand review process and what should be reviewed in the meeting?

3. Why are highly promoted products difficult to forecast?

4. Explain how the accuracy of forecasts affect customer service and inventory.

5. Why is important to decide on objectives prior to starting demand planning?

6. What are the benefits of using POS data in demand planning?

7. Describe the flow of POS data and how it is used.

8. What type of market intelligence data can be gained from POS data? Explain how it can be used.

9. What kinds of problems are associated with POS data and using the data In an automated system?

10. Explain the difference between POS and syndicated data.

Reference no: EM133529837

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