The distributor would as such be able to identify the new needs of the customers and the suppliers, and will be able to serve them in quick and efficient manner, by delivering results before the competition even becomes aware of the existence of the changes incurred. In other words, competitive advantages would be created (Royer, 2005). Within the longer term, a suggestion is made in the combination of qualitative and quantitative methods in order to increase the accuracy of the forecasting processes.
4. Inflation projections
Aside from the integration of customer and supplier traits in the completion of the forecasting efforts, in is also recommended for the company to also integrate other macro economic traits in its projections. This necessity is pegged to the fact that EBBD is an intermediary company, distributing the items produced by others to the end consumers. This feature makes it more sensitive to movements within...
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