Discussion Post: Operations Management- Forecasting
Sales are generally equal to the lesser of demand or inventory.
a) Discuss a detailed real-life example that outlines how forecasting can and has been used to manage inventory and help streamline product availability.
b) In addition, discuss why it is important that data used for demand forecasting are demand data, not sales data.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.