HE ROLE OF DEMAND FORECASTING IN SUPPLY CHAIN MANAGEMENT
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
Abstract: THE ROLE OF DEMAND FORECASTING IN SUPPLY CHAIN MANAGEMENT
The objective of this study is to explore the role of demand forecasting in supply chain management, focusing on its impact on inventory management, production planning, and overall supply chain efficiency. A survey design is employed due to its effectiveness in collecting data from a diverse population. Using Taro Yamane's formula, a sample size of 310 respondents is determined to ensure statistical significance. The case study is conducted in Abuja, focusing on a retail company with advanced demand forecasting capabilities. The reliability coefficient score of 0.86 indicates high reliability. Findings suggest that accurate demand forecasting significantly enhances supply chain management by improving inventory management, production planning, and overall efficiency. Recommendations include investing in advanced demand forecasting tools and regularly reviewing forecast accuracy.
Related Project Materials
Evaluating the Impact of Combined Fiscal Reforms on National Economic Resilience in Nigeria
Background of the Study
Combined fiscal reforms integrate various policy instruments such as tax reforms, expenditure ratio...
An investigation of the causes of inter-communal violence and its impact on security in Ikwo Local Government Area, Ebonyi State.
Background of the study:
Inter-communal violence remains a persistent challenge in many parts of Nigeria, with Ikwo Local G...
Role of Cost Accounting in Resource Optimization in Rural Cooperatives in Otukpo Local Government Area
Background of the Study
Rural cooperatives play a pivotal role in the economic development of rural communities by promo...
An appraisal of local government-led advocacy against child labor in Dutse Central Local Government Area, Jigawa State
Chapter One: Introduction
1.1 Background of the Study
Child labor remains a significant probl...
An Evaluation of the Relationship Between Inflation, Consumption, and Economic Growth in Nigeria
Background of the Study
The interplay between inflation, consumption, and economic growth is central to understanding macr...
The Impact of Tax Compliance on Financial Reporting in Nigerian SMEs: A Case Study of Abuja-Based SMEs
Background of the Study
Tax compliance is a critical element in the economic framework of any nation, serving as a prima...
EARLY CHILDHOOD EDUCATION AND MORAL REASONING
ABSTRACT: Early childhood education (ECE) plays a critical role in develop...
STABILISATION OF TROPICAL BLACK CLAY USING CALCIUM CARBIDE RESIDUE AND COCONUT SHELL ASH AS ADMIXTURE
ABSTRACT
A Tropical Black Clay (TBC), obtained by method of disturbed sampling, at a depth of between 0.5m to 1.5m, at Gwako village, Abu...
EFFECT OF MOTIVATION ON STUDENTS ACADEMIC ACHIEVEMENT AND INTEREST IN SENIOR SECONDARY SCHOOL BIOLOGY
Background of study
Education is an instrument that affects national development in Nigeria. It helps i...
The impact of science communication skills on STEM students in Yorro LGA, Taraba State
Background of the Study :
Effective science communication is increasingly recognized as a vital component of STEM education...
