(Answered) Forecasting and demand management

Management Studies

Problem: After reading Chapters 12 & 3 in Jacobs, and Chapter 6 in Muller, answer the following questions:

Required:

1. Explain how forecasting and demand management can help eliminate excess inventory?

2. What are some benefits of Cycle Counting Muller discusses in Chapter 6? Pick one method of cycle counting, explain its process and pros and cons. What type of business will find your selected method of cycle counting beneficial? Why - explain. Provide justifications and citations for your responses.

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Business Management, Management Studies

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