300 Words Minimum Requirement Although Many Different Kinds Tests Exist Ability Predict Sa Q34321737

300 WORDS MINIMUM REQUIREMENT!!!!

• Although many different kinds of tests exist, their ability topredict sales performance has been weak. How do you account forthis?

Expert Answer

There are various sales prediction techniques available but theyoften fail due to changing demand, change in purchasing capacity,availability of alternatives, change in taste etc.

Following can be the method to account for it:

1. The company should maintain a buffer to avoid shortage.

2. The company can adopt EOQ or JIT method to reduce the cost ofinventory.

3. The company can opt to outsource certain parts hence reducingcost.

4. The company can hire contractual labor in times of extremelyhigh demand.

5. The