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36 votes
36 votes
How do you think companies could plan their stock requirements more accurately?

User Bits
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1 Answer

23 votes
23 votes

Setting forecast bounds is the first step. 1) The forecast period is annual.

90-day period

Thirty days.

2) Supply-side demand

Trends and variables are taken into account.

When looking at sales history, there are two factors to consider: 1) sales velocity and 2) marketing activity.

When it comes to forecasting future sales, planned marketing activity is essential.

3) The concept of seasonality

Begin to rise in popularity.

Plateau.

Begin to fall in price.

4) Unexpected media attention

5) Effects peculiar to a certain industry

A significant competitor has gone out of business.

A huge corporation is branching out into your field.

The pillar marketing channels have seen significant alterations (if XYZ banned your Ad account, for example).

User Nick Dowell
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