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✅ 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 00:33 Existing Condition of an Organization 01:38 Industries Condition 02:30 Customer Psychology 03:51 Economical Environment 05:06 Product life cycle Factors Affecting Demand Forecasting 1.) Existing Condition of an Organization 2.) Industries Condition 3.) Customer Psychology 4.) Economical Environment 5.) Product life cycle 1.) Existing Condition of an Organization The internal environment of the organization affects demand forecasting. The organization should be in a state that it fulfills the demand of the future. It means management should take proper care of various factors such as plant capacity, product quality, product price, finance, marketing, etc. 2.) Industries Condition The industries that are working on similar goods and services also affect demand forecasting. It shows that how industry operating in the economy. FMCG sector, Cement sector, Food, textile, steel industry, are some example of such industry. Does the industry working favorably or not. Is there any entrance of new organizations in the industry? 3.) Customer Psychology 4.) Economical Environment 5.) Product life cycle Rest will be covered in the videos. . . . . . . .