A bag manufacturing company had suffered financial losses due to overestimation of demand, which led to overproduction. Which of the following software can help the company prevent such situations in the future?

Question

Quizplus · Accepted Answer

Supply chain planning software can help the company in forecasting demand accurately and efficiently managing the inventory levels to prevent overproduction. Sales force optimization software and customer relationship management software are focused on improving sales and customer relationships, respectively. Manufacturing execution system is focused on optimizing the manufacturing process and improving productivity on the shop floor.

A Bag Manufacturing Company Had Suffered Financial Losses Due to Overestimation