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.
ABSTRACT
Management of discipline is important because it ensures that learners displa...
Background of the Study
Study groups are commonly used as a collaborative learning strategy, particularly in challenging academic fields...
Background of the Study
The success of students in higher education is often linked to early intervention when academic struggles are detect...
ABSTRACT
Recent efforts to secure tenure and enhance real property markets are under pressure from increasing demand and competition for...
Background of the Study
Fatigue is a major occupational health concern that affects employee performance, safety, and well-being. Fatigue...
ABSTRACT
This study seeks to evaluate the impact of rural industrialization on development in Nigeria u...
Background of the Study
Healthcare funding remains a critical factor in determining the efficiency and effectiveness of hea...
Background of the Study
Cultural preservation is an essential aspect of sustainable tourism, as it helps maintain a region's unique heri...
Abstract
This seminar was carries out to find out effect of lack of adequate secretarial training facilities on the prod...
ABSTRACT
The research work examines the role of the print media in the development of sport in Nigeria...