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Chinese Course  Inventory Control and Demand Forecasting

Inaccurate demand forecasting is a big challenge for many enterprises,which has direct effect on:
1) Out of stock meanwhile in high stock
2) Production plan changed frequently
3) Argument between several departments (sales, production, planning and sourcing)
4) High business operation cost
5) Delayed order delivery and constant customer complaints

Unreasonable inventory control would be another catastrophe, which directly leads to:
1) High cost
2) Effect cash flow
3) Overloaded warehouse
4) More and more stock because every department sees it as life-saving straw