Demand forecasts of individual items are needed for ______.
A)short-term activities like production scheduling
B)medium-term activities like sales planning
C)long-term activities like new product introduction
D)strategic activities like service acquisition

Question

Quizplus · Accepted Answer

Demand forecasts of individual items are needed for short-term activities like production scheduling to ensure that the required raw materials, skilled workforce, and production capacity are available to meet the demand. Medium-term activities like sales planning require aggregate demand forecasts for product families or categories, while long-term activities like new product introduction and strategic activities like service acquisition require market demand forecasts.

Demand Forecasts of Individual Items Are Needed for ______