THE IMPACT OF SALES FORECASTING ON BUSINESS PLANNING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
THE IMPACT OF SALES FORECASTING ON BUSINESS PLANNING
This study examines the impact of sales forecasting on business planning. Objectives include: (1) evaluating the accuracy of sales forecasts, (2) analyzing the role of sales forecasting in resource allocation, and (3) assessing the impact of forecasting on strategic planning. A survey design is employed to gather data from a broad population. Using Taro Yamane's formula, a sample size of 330 is derived. The case study focuses on the manufacturing industry in Kano, Nigeria, where accurate sales forecasting is critical. The reliability coefficient score is 0.85, indicating high reliability. Findings show that accurate sales forecasting significantly improves business planning and resource allocation. However, challenges in forecasting accuracy are noted. Recommendations include investing in advanced forecasting tools and training staff in forecasting techniques to enhance accuracy.
Related Project Materials
INFLUENCE OF STUDENTS' ATTITUDES TO THE LEARNING OF MATHEMATICS ON THEIR ACADEMIC ACHIEVEMENTS IN SENIOR SECONDARY SCHOOLS IN JALINGO METROPOLIS
Background of the Study
Mathematics throughout the world is regarded as essential tool in many fields, including natural...
THE ROLE OF TWITTER AS A TOOL FOR POLITICAL EDUCATION A STUDY OF THE END SARS PROTEST
ABSTRACT
This study was carried out to examine the role of twitter as a tool for political education. This study was mot...
BRAND STRATEGY AS AN EFFECTIVE TOOL FOR CORPORATE IDENTITY
ABSTRACT
This research was carried out with the objective of determining the impact of brand strategy as an effective t...
Read more
BRAND EQUITY AND SALES PERFORMANCE (A SURVEY OF SELECTED MANUFACTURING COMPANIES IN PORT HARCOURT)
ABSTRACT
Companies desire earnestly to improve their performance in the market. All marketing decisions...
PRODUCTION AND CHARACTERIZATION OF SOFT SOAP FROM LOCAL POTASH (NGU) OR CAUSTIC POTASH LABORATORY OR COMMERCIAL GRADE
ABSTRACTS
This project was aimed at producing a fine high quality toilet soap at a low cost which will...
REGENERATION AND REUSE OF SPENT ACTIVATED CARBONS
Statement of problem
The economic feasibility of processes using activated carbon for treatment of water and waste water is contingent up...
PRINCIPLES OF DESIGNING AND THE APPLICATION OF MAKEUP IN NOLLYWOOD PRODUCTION
ABSTRACT
This project focused on the challenges of costume and make-up in Nigerian home video. It also highlights...
WRONGFUL TERMINATION OF CONTRACTS OF EMPLOYMENT IN NIGERIA: A CASE FOR REINSTATEMENT OF PRIVATE EMPLOYEES
Meaning and Nature
The nature of contract of employment is the relationship between an employer and his...
EFFECT OF MOBILE PHONE USAGE ON ACADEMIC PERFORMANANCE OF STUDENTS
ABSTRACT
This research work was aimed at finding out the Effects of Mobile Phone Usage on Academic Performance of St...
EFFECTS OF NON FINANCIAL DISCLOSURES ON PROFITABILITY OF FIRMS IN NIGERIA
Background of the study
Information plays an important role in the corporate world as it can benefit co...
