Explain how you will handle deviations from expectations., Ask an Expert

Management Studies

Sales forecasts are not 100% accurate, yet you must make some projections in order to manage inventory, personnel, materials, other resources. How do you compensate for the uncertainties? This is after the fact -- the forecast is made for the next three months using the best possible data and techniques. Now you must deal with the uncertainties. You might begin listing some of the uncertainties and describe how you will handle deviations from expectations. This is NOT a problem about forecasting but how you handle uncertainties during the next three months.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M982510

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