Inventory planning and control Question: Download Inventory planning and control PDF
Tell me what makes a good forecasting model?
Answer:
A good forecast model will have reasonable costs. the accuracy of its forecasts will allow good decision making. The model will have ample data available for its use and a relevant time span. The model finally will have a low interference level.
| Previous Question | Next Question |
| Why do you need to recompute stocking costs for the EOQ level? | Tell me about the kinds of reordering systems that can be used in inventory control? |