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| Topic: |
Technology
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| Number of pages / Number of words: |
4 / 963 |
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Time series analysis should be used to determine what the forecasting numbers should be in regards to historical sales and manufacturing data. This method will allow NCO to average their production numbers based on short or long term data and it will ensure that they can more easily recover for market shifts...
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In addition, NCO should also incorporate Qualitative, Grass roots forecasting. The Grass roots method lets folks closest to the customer base or market to have an input into the forecast. During the case study, Mrs. Wu mentioned that they had too much inventory on hand, and the market changes constantly due to technology changes...
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Nichols Company Casae Study
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