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    04 Activity 02 Logistics

    Uploaded by

    Jennifer Tuscano Almero
    FedEx considers external factors like the economy and customer preferences when assessing market conditions and demand. They use a qualitative forecasting model based on consumer surveys to predict future demand from online shoppers since online shopping is convenient and supported globally. Finance and accounting are also required to forecast FedEx's expenses since the company has high operational costs. The forecasting process helps FedEx identify requirements, select high demand items, determine the forecast time horizon and lifecycle, choose appropriate models and techniques, gather survey information, validate results, and implement forecasts to improve planning and budgeting.

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    04 Activity 02 Logistics

    Uploaded by

    Jennifer Tuscano Almero
    29 views1 page
    FedEx considers external factors like the economy and customer preferences when assessing market conditions and demand. They use a qualitative forecasting model based on consumer surveys to predict future demand from online shoppers since online shopping is convenient and supported globally. Finance and accounting are also required to forecast FedEx's expenses since the company has high operational costs. The forecasting process helps FedEx identify requirements, select high demand items, determine the forecast time horizon and lifecycle, choose appropriate models and techniques, gather survey information, validate results, and implement forecasts to improve planning and budgeting.

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    Logistics

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    FedEx considers external factors like the economy and customer preferences when assessing market conditions and demand. They use a qualitative forecasting model based on consumer surveys to predict future demand from online shoppers since online shopping is convenient and supported globally. Finance and accounting are also required to forecast FedEx's expenses since the company has high operational costs. The forecasting process helps FedEx identify requirements, select high demand items, determine the forecast time horizon and lifecycle, choose appropriate models and techniques, gather survey information, validate results, and implement forecasts to improve planning and budgeting.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    29 views1 page

    04 Activity 02 Logistics

    Uploaded by

    Jennifer Tuscano Almero
    FedEx considers external factors like the economy and customer preferences when assessing market conditions and demand. They use a qualitative forecasting model based on consumer surveys to predict future demand from online shoppers since online shopping is convenient and supported globally. Finance and accounting are also required to forecast FedEx's expenses since the company has high operational costs. The forecasting process helps FedEx identify requirements, select high demand items, determine the forecast time horizon and lifecycle, choose appropriate models and techniques, gather survey information, validate results, and implement forecasts to improve planning and budgeting.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    ALMERO, JENNIFER T.

    BSBAOM-I403
    04 ACTIVITY 2
    LOGISTICS MANAGEMENT

    1. FedEx continues to consider outside factors when assessing market conditions and demand.
    Therefore, in this case, there are also external demand generators. FedEx directly reflects the
    economy and customer preferences. Considering that customers select the location for product
    delivery. Economic factors like retail sales, wholesale inventories, unemployment rates, and oil
    prices are examined both locally and internationally.
    2. FedEx uses a qualitative forecasting model, primarily based on consumer surveys. FedEx
    predicted the amount of future demand from customers who support online shopping because
    it is so convenient for them. Online shopping is supported by consumers all over the world.
    FedEx can take advantage of this opportunity since shipping and distribution are involved in
    online shopping.
    3. Finance and accounting are required to forecast FedEx due to the company's high level of
    expenses. This type of forecasting enables the creation of plans and improvements to the
    company's budget and capital.
    4. The company should decide how to use the forecast by following the demand forecasting
    process. This can help the company identify its forecasting requirements. The next step is to
    forecast the select items. FedEx ought to pick or choose the goods that will increase demand for
    the product. Additionally, FedEx should decide whether the forecast's time horizon is long- or
    short-term in this case. Additionally, the lifecycle is crucial for forecasting, so they will choose the
    forecasting model and techniques. Gather the information required to make the forecast; it's
    important for businesses, especially FedEx, to conduct surveys to enhance operations. In
    addition, they will have a general forecast that can be used to check the accuracy of the
    predictions. The final step is to validate and implement the results, which can also raise various
    levels. This could result in accurate predictions.

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