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Northern Virginia CC Business Plan Growth Product Development Discussion

Northern Virginia CC Business Plan Growth Product Development Discussion

Question Description

You would find 2 attached articles

Discussion Board 1: Based on the article Business Insight (A Special Report); Thinking About Tomorrow: Seven tips for making forecasting more effective, what are some of the best practices that firms have recently adopted to come up with a more accurate forecast for their product line?

Discussion Board 2: Based on the article EXCHANGE — Six Months that Shook the World: Betting That Less Is Now More, as customers, we like and enjoy the variety of products that retailers provide. Article 4 provides various examples and discusses this problem from operations perspective. What do you think is the impact of variety on forecasting? Will it make or more or less accurate? What about supply chain and inventory management?

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