Supply Chain Exam 1
Intuition Buildin and Motvation for Demand Forecasting
- What is Forecasting?
- The act of predicint future events
- "All supply chain decisions made before demand has materialized are made to a forecast"
- How does it apply to Disneyland?
- serves as analytical foundation for ops planning at Resort
- used by labor mgmt, maintenance, ops, finance and park scheduling
- used to adjust opening times, rides, shows, staffing levels, and guests admitted
Quantitative Approaches to Demand Forecasting
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