Guesstimates on planning process

Question

Accepted Answer

Planning process guesstimates involve forecasting demand, analyzing inventory levels, and adjusting supply chain accordingly.

Guesstimates involve making educated guesses based on historical data and market trends.
Forecasting demand involves analyzing sales data, market trends, and customer behavior.
Analyzing inventory levels involves monitoring stock levels, lead times, and safety stock.
Adjusting supply chain involves optimizing procurement, production, and logistics processes.
Examples of planning process guesstimates include determining optimal order quantities, setting safety stock levels, and forecasting future sales.

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