Introduction to Demand Forecasting (SUPPLY CHAIN MANAGEMENT EXPLAINED UNDER 10 MINUTES)
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- Опубликовано: 11 окт 2024
- 🔍 Unlock the Secrets of Demand Forecasting! 🔍
Welcome to "Introduction to Demand Forecasting," Episode 3 of our engaging series on supply chain management in under 10 minutes! Join us as we demystify the intricate world of demand forecasting, unraveling its significance and practical applications for businesses worldwide.
📊 *What to Expect:*
In this episode, we'll delve into demand forecasting, shedding light on its fundamental concepts and real-world implications. From understanding its definition to exploring why it's crucial for businesses, we'll equip you with the knowledge to anticipate customer needs and optimize operations effectively.
🎓 *Why Watch?*
Gain a clear understanding of demand forecasting and its importance in supply chain management.
Discover how businesses leverage demand forecasting to stay ahead of the curve and enhance profitability.
Learn actionable strategies to implement demand forecasting effectively in your own operations.
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Join us as we unravel the mysteries of supply chain management and empower you to navigate the complexities of the modern business landscape. Let's embark on this educational journey together!
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Great video, thank you!
Thank you so much! 😊 I’m thrilled that you enjoyed the video! Your support means a lot, and it keeps me motivated to keep creating more content. If you have any suggestions or topics you’d like to see next, just let me know! 🎉
@@MVCLogisticsAcademy Oh 100% I get it! I just started a new Marketing role in this space and learning industry ins and outs as I go. So I'll definitely be back on your channel :)
such a good quality video, deserve a million views. widen ur niche n thx to u :)
Thank you so much for your kind words! 😊 I'm thrilled that you enjoyed the video! Your support truly means the world to me. Expanding the niche sounds like an exciting idea-I’m always looking for new ways to bring valuable content to the community. Thanks again for watching and for your encouragement! Here’s to reaching that million views together! 🚀✨
Good información thanks Professor R
Thank you so much for your kind words! 🌟 I'm thrilled to hear that you found the information helpful. 😊 It's my pleasure to share valuable insights with you. If you have any more questions or topics you'd like me to cover, feel free to let me know. Keep learning and exploring, and I'll be here to support you every step of the way! 🚀✨
Can you explain the scoring for risk and capacity? Such as Low, Moderate and High. How would I find these scores if I’m just doing an assignment? For the approved supplier list (asl).
Of course! 🌟 Risk and capacity scoring is essential for evaluating suppliers and managing your supply chain effectively. Typically, scoring involves assessing factors like financial stability, delivery reliability, quality control, and capacity to meet your demand.
For risk scoring, you'd consider factors that could potentially disrupt the supply chain, such as geopolitical instability, natural disasters, or financial instability of the supplier. Low risk would indicate minimal likelihood of disruption, while high risk would suggest a higher likelihood.
Capacity scoring evaluates a supplier's ability to meet your demand, considering factors like production capacity, lead times, and scalability. Again, low capacity would mean the supplier may struggle to meet your demand, while high capacity indicates they can easily accommodate it.
As for finding these scores for an assignment, you may need to conduct research on the supplier and industry, analyze historical data, or use case studies to make informed assessments. Look for information on the supplier's financial health, track record, and any relevant industry reports.
For the approved supplier list (ASL), you'd want to prioritize suppliers with low risk and high capacity to ensure smooth operations and minimize disruptions. Remember to document your scoring methodology and rationale for transparency and accountability.
I hope this helps! If you have any more questions or need further clarification, feel free to ask. Keep exploring and learning, and you'll ace that assignment! 📚🚀
Ok, I’m done with the assignment I’ll love to see you make a list one day.
Great information
Thank you so much! 🌟 As always, I'm thrilled that you found the information helpful! 😊 Your feedback and comments are always a joy to get🚀💡