#23 Importance of Demand Forecasting | Student Notes | скачать в хорошем качестве

#23 Importance of Demand Forecasting | Student Notes |

✅ What is Demand Forecasting ✅    • #22 What is Demand Forecasting | Student N...   =============================== ✅ Importance of Demand Forecasting ✅    • #23 Importance of Demand Forecasting | Stu...   =============================== ✅ Factor Affecting Demand Forecasting ✅    • #24 Factor Affecting Demand Forecasting | ...   =============================== ✅ Types of Demand Forecasting ✅    • #25 Types of Demand Forecasting | Student ...   ============================== ✅ Fishbone Diagram ✅    • #15 Fishbone Diagram - 7 QC Tool  | Meanin...   ============================== ✅ Check sheet ✅    • #16 Check sheets - 7 QC Tool | Meaning | E...   ============================== ✅ Flow Chart Diagram ✅    • #17 Flow Chart Diagram - 7 QC Tool | Meani...   ============================== ✅ Pareto chart Diagram ✅    • #18 Pareto Chart Diagram - 7 QC Tool | Liv...   ============================== ✅ Control Chart Diagram ✅    • #19 Control Chart Diagram | 7 QC Tool | Me...   ============================== ✅ Scatter Diagram ✅    • #20 Scatter Diagram - 7 QC Tool | Meaning ...   ============================== ✅ Histogram Diagram ✅    • #21 Histogram Diagram - 7 QC tool | Meanin...   ============================== ======================================= 📕 Production and Operation Management Book Series 📕    • Production & Operation Management Book Series   ======================================== 📕 Advertising Management Book series 📕    • Advertising Management Book series   ======================================== 00:00 Intro 00:30 Proper Utilization of Resources 01:15 Production Planning 02:01 Customer Satisfaction 03:27 Financial Planning 04:10 Cut throat competition 05:04 Stability in operation Importance of Demand Forecasting 1.) Proper Utilization of Resources 2.) Production Planning 3.) Customer Satisfaction 4.) Financial Planning 5.) Cut throat competition 6.) Stability in operation 1.) Proper Utilization of Resources Demand forecasting helps the management to make proper utilization of all the resources of the organization. As it helps the organization to arrange and control the various factors such as land, labor, capital, and machinery according to the forecasted demand. It will ultimately ensure smooth flow production. 2.) Production Planning The production process includes the conversion of raw material into valuable output. The quantity of output depends upon the consumption means demand of the end customers. Demand forecasting helps to estimate the demand that going to have in the future. So management plans its production according to it. 3.) Customer Satisfaction Customer satisfaction means that the customers are satisfied with the product and service delivered to them. Customer satisfaction plays a vital role in organizational success. Demand forecasting helps to estimate the demanded number that ensures timely delivery of products in the market. 4.) Financial Planning 5.) Cut throat competition 6.) Stability in operation Rest will be covered in the Video. . . . . . . .