Discover how human resource planning might be used to estimate the correct demand for labor in a given market, both qualitatively and quantitatively.

The time frame for a sales forecast varies from a week or month to a year or more. The two major types of forecasts are qualitative and quantitative. A qualitative forecast uses information from sales ...

In business, a forecast is a prediction or estimation of future events or trends based on historical data, current conditions and analytical tools. It aids decision-makers in preparing for potential ...

1. List the elements of a good forecast. -The forecast should be timely. -The forecast should be accurate. -The forecast should be reliable. -The forecast should be expressed in meaningful units. -The ...

Jake Goeckeritz is the Vice President of Marketing at Fishbowl, a company that has been streamlining the inventory process for 20 years. The Yankee catcher was a Hall of Fame player on the field — he ...

The task of forecasting future sales estimates can be a difficult one, even when the forecasters have substantial data from the company's previous sales history to act as a guide. In these instances, ...

This article covers what you need to know about inventory forecasting to optimize your supply chain and keep customers satisfied. Inventory forecasting is the process of predicting how much stock a ...

This post originally appeared at American Express OpenForum. Whether it's Gap officials determining how many sweaters to stock on their shelves or a local diner making waitstaff decisions, businesses ...

Sales forecasting is a key component of any business. It helps companies make better business decisions and affects many areas such as the sales process, operations, marketing planning, and budget ...