By successfully balancing inventory with actual demand you will minimize the risks of losing sales to competition or leaving you with unnecessary inventory.
This excel video tutorial provides a step by step introduction into the forecast functions which can be used to predict a value of sale orders, population of birds on island or in general the estimated forecast in the future.
Define is the first phase of DMAIC process. In define phase you need to have the team and sponsor to reach agreement on the scope of the project, goals and financial and performance targets for the project.
Word Kaizen comes from two Japanese words: kai (meaning improvement) and Zen (meaning good). Together they translate to continuous improvement.
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