It is used in the knowledge-based decisions. It provides training to the team members in the organization.
It is used in the yield meeting, which indicates that the individuals must have the same vision.
It is used in the pricing and inventory management and provides the detailed information about the inventory. Effective forecasting reduces inventories The effective estimation helps the organizations to reduce the inventory and the organizations can become effective in the market. If a company becomes efficient in the forecasting so that the company can easily estimate the future needs of the market and produce the inventory according to the desire of the market (Olszewska & Piwoni-Krzeszowska, 2014).
Contract manufacturer in a supply chain
The contract manufacturers have a greater role ...