The distributor would as such be able to identify the new needs of the customers and the suppliers, and will be able to serve them in quick and efficient manner, by delivering results before the competition even becomes aware of the existence of the changes incurred. In other words, competitive advantages would be created (Royer, 2005). Within the longer term, a suggestion is made in the combination of qualitative

Forecasting Sales Forecast for Riordan Manufacturing Riordan Manufacturing is pursuing a growth strategy, with a stated target of increasing sales by $50 million by the end of 2007. According to the annual invoices issued for 2005, the firm already has annual sales of $50.8 million; this is a target to effectively double the demand over a period of two years. The sales will be achieved through increasing sales to existing customers, which

Forecasting Techniques Business decisions require accurate forecasting which takes into account the possible trends and twists in the economy and the society. One of the earliest accounts of forecasting can be found in the Bible when Joseph interpreted dreams and told people there would be seven years of harvest followed by seven years of drought. With careful forecasting, the Pharaoh and his people could prepare themselves for the latter period of

Forecasting Techniques Using Moving Average, Exponential Smoothing, and Weighted Moving Average Forecasting is an attempt to predict the future using either quantitative or qualitative technique. Forecasting is an integral part of human activity, however, businesses are increasingly using the forecasting technique to predict sales, demand planning, cost projection, inventory control, corporate planning, advertising planning, production planning and investment cash flow. (Lucey, 2002). While there are different strategies that can be used

Forecasting being the marketing business process as well as web improvement of shaping the kind of business souk that individuals are involved in as well as how demographically the said souk is, it can as well engross attempting to envisage the trends of the present market in order to anticipate, develop as well as meeting the alternating needs of the market strategies as well as business plans. Forecasts are very

Forecasting: Kentucky Swamp Brew Forecasting demand within the brewing industry is dependent upon three basic factors: "trends, cycles, and seasonal patterns" (Elfner n.d.). Trends are defined as gradual shifts in demand that permanently affect the demand for the good or service; cycles are repetitious shifts in demand that manifest themselves in cyclical and predictable patters; and seasonal shifts are changes that occur periodically (Elfner n.d.). For example, a trend for Kentucky