The manufacturer of bicycles has just implemented a new sales forecasting model which is much more accurate than the "guesstimates" used in the past.The company should consequently

Question

Quizplus · Accepted Answer

With the new, more accurate sales forecasting model, the manufacturer can better predict the demand for their bicycles. This means they can reduce their finished goods inventories to avoid excess inventory and the associated costs of carrying that inventory, such as storage and potential obsolescence. By reducing their finished goods inventories, the manufacturer can operate more efficiently and use its resources more effectively.

The Manufacturer of Bicycles Has Just Implemented a New Sales