The forecasting process cam impact long range and tactical plans.

Question

Quizplus · Accepted Answer

Forecasting helps organizations to anticipate future demand, market trends, and other variables, which impacts the long-range and tactical plans. Based on the future insights provided by forecasting, companies can make strategic decisions regarding supply chain, inventory management, production planning, and capacity utilization. Thus, forecasting plays a crucial role in shaping long term and short-term goals of organizations.

The Forecasting Process Cam Impact Long Range and Tactical Plans