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Presentation On: Sale Forecasting SUMITTED BY: Twinkle Verma Roll No: 5701 Sumitted To: Miss Preeti Mam
Presentation On: Sale Forecasting SUMITTED BY: Twinkle Verma Roll No: 5701 Sumitted To: Miss Preeti Mam
FORECASTING
roll no : 5701
Test Projection
mareting of past
sales
Regressi Poli of
on sales –
analysis forces
Jury or opinion
executive
opinion
Jury of Executive Opinion Method
MERITS
1 .This is a quick and easy way turn out a forecast .
2.This is way to pool the experience and judgments of
well-informed people
Poll of Sales force Opinion Method
It is also opinion based method and is commonly called
as Grass-root approach’ method. In this method
individual sales personnel from different sales-
territories are asked to provide sales forecasts. Later on
these forecasts are combined, modified and moulded by
the higher authorities to predict and design the total or
the master forecast for the firm.
MERITS
1)Suggestions come from those persons who are directly
closer to market conditions.
2)This is very easy, simple and cheapest way to forecast.
Projection of Past Sales Method
Micro
Macro Forecasting
Forecasting
The selection of which type of forecasting
to use depends on the several factors
The degree of accuracy required.- If the decisions are to made on the basis
of the sales forecast have high risks attached to them, then it stands to the
reason that the forecast should be prepared as accurately as possible. But
this involves huge cost.
The availability of data and information.- the forecast will also depend on
the availability of the information available from market. In some markets
there is lot of sales information like clothing retail, food retailing etc.
The position of the product in its life cycle.-
Short term forecasting- It is maximum of three months and is often
effective for analyzing budget and market.
Intermediate sales forecasting.-it is between a period of two months and
three years and may be used for schedules, inventory and production.
Long term forecasting.-It is minimum for two years and is good for
dealing with growth into new markets or new products.
Factor Affecting sales Forecasting
IV.Market conditions
V. Business competence
Objectives of sales forecasting
objectives of sale
forecasting