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Running head: SUPPLY CHAIN EFFICIENCY
Supply Chain Efficiency
MBA550 – Hohokam Campus
University of Phoenix
Week Five – October 7, 2008
Historical Analog
One of the most effective ways for a company to be successful in today’s business is to effectively manage their supply chain or consumers. There are many ways a company can decide on which forecasting methods will be the most effective. “In trying to forecast demand for a new product, an ideal situation would be where an existing product or generic product could be used as a model. There are many ways to classify such analogies—for example, complementary products, substitutable or competitive products, and products as a function of income.” (Chase, Jacobs & Aquilano, 2005, Chapter 13)
In th ...