How planning inventory is both an art and a science


Discuss the below in a 400 words each and use APA format:

Q1 Research forecasting and demand. As a regional manager of 27 Burger Queens, you are thinking about expanding the number of outlets in your area. How will you forecast demand and not sales? What types of forecasts would you want to create in order to support your decision? Make sure you have read the specific requirements for your original posting and your subsequent peer responses.

Q2 Research inventory management. Explain, based on your research, how planning inventory is both an art and a science. In addition, suppose you are trying to reduce inventory in your company, without negatively affecting customer service. What actions might you be able to take to accomplish this task? Make sure you have read the specific requirements for your original posting and your subsequent peer responses.

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