It's time for forecasts to be less important

Article Abstract:

The importance of forecasting is downplayed relative to other aspects of a manufacturing business' operations. Among the other areas cited as more important than sales forecasts are suppliers' reliability, suppliers' responsiveness, design-for-manufacture, information systems, material resource planning II and statistical variability. Forecasts should not be used as an excuse to defer addressing these critical business issues.

Manufacturing industries, not elsewhere classified, Production management, Manufacturing industry, Manufacturing industries, Evaluation, Sales forecasting

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How to use forecasts to establish damages in court cases

Article Abstract:

Business forecasts may be used to determine economic damages in lawsuits involving the reduction or elimination of a client's income. Acceptance of a business forecast as legal evidence depends on the qualifications of the expert witness, correct use of survey methods and clear explanation of how the forecast was made.

Analysis, Usage, Evidence, Expert, Expert evidence, Business forecasting

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