TRL3707
Assignment number: 06
Year: 2023 (SEMESTER 1)
PREVIEW:
1.1 Discuss the reasons why a logistics forecast is necessary. Give examples from
the case study.
Demand Planning:
The case study mentions that Mr. Price is a fashion-leading retailer that stays on the pulse of
international fashion trends. This indicates that Mr. Price needs to have a deep understanding of
customer preferences and anticipate demand for trendy merchandise. By constantly innovating
and staying informed about fashion trends, Mr. Price can align their product offerings with
customer demand and ensure they have the right merchandise in stock.
To effectively forecast demand, Mr. Price can utilize various techniques and data sources. They
may analyze historical sales data, conduct market research, monitor fashion trends, and
leverage customer feedback and insights.
LOLA JACOBS ASSIGNMENTS 0618151315
Assignment number: 06
Year: 2023 (SEMESTER 1)
PREVIEW:
1.1 Discuss the reasons why a logistics forecast is necessary. Give examples from
the case study.
Demand Planning:
The case study mentions that Mr. Price is a fashion-leading retailer that stays on the pulse of
international fashion trends. This indicates that Mr. Price needs to have a deep understanding of
customer preferences and anticipate demand for trendy merchandise. By constantly innovating
and staying informed about fashion trends, Mr. Price can align their product offerings with
customer demand and ensure they have the right merchandise in stock.
To effectively forecast demand, Mr. Price can utilize various techniques and data sources. They
may analyze historical sales data, conduct market research, monitor fashion trends, and
leverage customer feedback and insights.
LOLA JACOBS ASSIGNMENTS 0618151315
