The Need of Accurate Forecasting
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(Case Code: OPER039) click on the button below, and select the case from the list of available cases:
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Case Details: |
Price: |
| Case Code |
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OPER039 |
For delivery in electronic format: Rs. 100;
For delivery through courier (within India): Rs. 100 +Shipping & Handling Charges extraThemes- |
| Case Length |
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03 Pages |
| Period |
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1999 - 2004 |
| Organization |
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Varied |
| Pub Date |
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2004 |
| Teaching Note |
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Available |
| Countries
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India |
| Industry |
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Service |
Abstract:
The case focuses on the importance of forecasting and the role of forecasting in
the planning and control functions of an organization. Though forecasting cannot
predict future demand with absolute accuracy, it can provide vital information
for strategic, tactical and operational planning. The case examines the need for
good forecasting and throws light on the process of forecasting.
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Issues:
» The importance of forecasting
» The process of forecasting
» The role of forecasting in strategic, tactical and operational planning
Keywords:
Focuses, importance, forecasting, planning, control,
organization, future demand, absolute accuracy, vital information, strategic,
tactical, operational , planning
The Need of Accurate Forecasting
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