Answer:
1. How would my chosen product be affected by the changing seasons? The demand for sanitizing wipes could potentially increase during the flu season, which typically occurs in the late autumn and winter months.
2. If my product is not affected by seasonal demand, how would my company dispose of excess inventory due to a forecasting mistake? My company would need to have a plan in place to manage excess inventory, such as liquidating excess inventory through promotions, donating inventory to non-profit organizations, or selling excess inventory to other retailers.
3. Demand forecasting constraints that exist within the supply chain of my product include accurate forecasting of demand fluctuations, which can be difficult in a rapidly changing market, and the need to balance a short lead time with accurate demand forecasting to ensure timely and optimal response to changing demand. Additionally, the need for accurate forecasting of raw material and packaging supply to meet demand can also be a constraint, particularly in a tight or volatile supply chain market.