Forecasting

Operation centering II Proposal on Forecasting and implore Management in Retail Sector Submitted on January 25th, 2012 Submitted To: Submitted By: Dr. Rajesh Jain Aditi Desai (111202) Professor, IMNU, Ahmedabad. Amit Vijayvargiya (111207) Deepesh Sharma (111219) Harsh Goyal (111224) Nikhilesh Tiwari (111237) Pradip Shingala (111240) Section B Group No. 4 Forecasting and Demand Management in Retail Sector Objective: To understand the bidding of demand forecasting and the factors taken into consideration while cipher the forecasted demand. Understand how the inventory levels in retails industries are maintain in order to fitting the demand while not overshooting or undershooting the inventory levels.

Introduction: Retail Business is the one which acts as medium facilitating the diffusion of finished goods from the factories to various consumer hands. The basic cast of retail business is the procurement of finished goods from producers of the same, its storage and distribution of these finished products to the final consumers generating a profit margin. Based on the product line and size of any retail business, these tail assembly be categorized into General Retailers, Departmental Stores, Specialty Stores and rabbet Stores. The consumption or demand of various general commodities such(prenominal) as food and beverages, garments, life style products, general health care products etc which are retailed through various kind of retailers is having move characteristic which changes from season to season, during festivals and during ups and downs in economy. Thus, it creates a must unavoidableness for operations managers to take necessary actions in order to meet the rise and fall in demand so as to maintain the profit margins. A low... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.