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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1465 |
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Inaccurate demand forecasting creates situation where companies are unable to meet demand for certain products while having oversized and expensive inventories of other products. The classic example of 1999 case of toy orders which included companies like eToys, Amazon.com and ToysRUs. The massive advertising campaigns for Internet ordering which received an overwhelming response were not able to be fulfilled by the retailers who underestimated it...
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The classic example of 1999 case of toy orders which included companies like eToys, Amazon.com and ToysRUs. The massive advertising campaigns for Internet ordering which received an overwhelming response were not able to be fulfilled by the retailers who underestimated it.
b) Slow and Error Prone Process: Large scale manufacturer’s line of supply chain for raw materials and manufactured products may involve many internal and external partners located in different places...
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