What factors should be considered when trying to put together a sales forecast? Which departments should be involved in this process?
Factors to that need to be kept in mind while making a sales forecast are | |
Past performance of the organisation | |
The past performance wrt to the sales gives a reasonable idea to the makers of the forcast in regard to the starting point of the forecast | |
Current Economic conditions | |
The current economic / market scenario will determine the sales due to factors such as disposable income , demand of the good or service etc | |
Seasonal Nature of product | |
The seasonal nature of the goods and service offered need to be considered while making a sales forecast in order to base demand assumptions | |
Marketing Effort | |
The marketing effort put in by the organisation to market the product and sell it to the cinsumer will also affect the sales forecast | |
Internal organisational changes | |
The internal organisational changes need to considered before making a sales forecast , for eg a favorable change in the manager may boost sales due to increased effort |
|
Departments involved in making a sales forecast | |
1 | Accouting and finance |
2 | Production department |
3 | Purchasing department |
4 | Marketing & sales department |
What factors should be considered when trying to put together a sales forecast? Which departments should...
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