Question

Computers Making Decisions

Imagine that you are a shirt sales person and you just heard from your boss that a computer program is going to start telling you how many red, green and yellow (or whatever colors) shirts you are supposed to sell each week.
What are your thoughts?
Now that you know how computers are used to make decisions, how do you think a program could make these decisions for you?

Answer 1

(Q) Imagine that you are a shirt sales person and you just heard from your boss that a computer program is going to start telling you how many red, green and yellow (or whatever colors) shirts you are supposed to sell each week.
What are your thoughts?
Now that you know how computers are used to make decisions, how do you think a program could make these decisions for you?

(Ans) In this modern era with technology advancements ,computers does have a major contribution and significant role in business decision making.As we know better decisions yield better results in future.A better decision is taken by analyzing several factors like cost benefit analysis,opportunities,future prospects etc.Now these facts can be aligned and analyzed through a computer program. A computer program involves several analytical and algorithm tools constructed on the basis of specific business.Using these tools a computer program can analyse and forecast by using sale forecasting software.Sales forecasting software creates financial reports of expected sales based on historical trends, economic conditions, industry behavior, changes within your company, and selected time periods. A sales forecast will better prepare your business and sales team with expected sales and revenue that you plan to achieve over a set length of time.

It creates financial forecasts by entering predicted sales, weighing them against expenses you anticipate such as labor costs, and create a forecast of the upcoming period’s sales. These financial reports can be adjusted at any time, which will let you test out different “what if” scenarios, meaning you don’t have to be exact on any number you put into the program.Demand forecasting is an important feature of this computer program.It forecast by item or location on a monthly or weekly basis. Create a number of item or location subcategories. Create statistical-based forecasts that analyze each item for levels, seasonality, trends and  Forecast new products or determine issues with lost sales due to stock outages.Thus we could conclude that a computer program can make new innovation and there by increasing sales and profitability through a better decision making.