Fashion Institute Appropriate Forecasting Technique for Chanel Company Questions

Please follow the Final Paper Checkpoint #1. Using the articles I attached. Briefly discuss the following sections which I bolded. SINGLE SPACE.

Strategy Formation

• • Supply Chain Overview
    • Supply chain and logistics overview and why it is important
      Explain how it relates to your specific product – What is the behavior of the supply chain for that product category?
  • Planning and Forecasting
    • ** You will be asked to try to create a mock forecast and explain your assumptions in your final project**
    • What type of forecasting method will you use? Ex. Qualitative, causal, time-series, simulation.
    • What is the nature of demand for your product?
    • How will you monitor the performance of your forecast – What KPI’s will you reference?
  • Technology and Systems
    • Which technology will you utilize have you identified for your project?
    • Research and select an ERP system