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Business
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| Number of pages / Number of words: |
3 / 618 |
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The company will need to use successful forecasting to insure effective management of sizes of inventory (Chase, Jacobs, and Aquilano, 2005, p. 590).
The concepts of effective forecasting discussed in this case can be applied to the servicing strategies in many companies. Without effective forecasting, proper staffing would not be accomplished and the volume of incoming calls would be unmanageable...
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Without effective forecasting, proper staffing would not be accomplished and the volume of incoming calls would be unmanageable. The technique of time series analysis is effective in maintaining efficient productivity.
Recommendations for HP are that the business needs a shorter lead-time and perhaps needs to re-evaluate how they transport the product to the distribution centers...
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