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    04activity2 Logistics Fedex

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    Beya
    This document contains a student's answers to questions about logistics management and forecasting models used by FedEx. The student identifies external demand drivers like the economy and consumer preferences that affect FedEx. The student analyzes that FedEx uses qualitative forecasting based on consumer polls to project demand from online shoppers. One of FedEx's forecasting needs is financial forecasting to account for variable costs. The student recommends FedEx continue relying on outlooks, collecting information, analyzing it, generating projections, and confirming results to achieve accurate forecasts.

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    04activity2 Logistics Fedex

    Uploaded by

    Beya
    1K views2 pages
    This document contains a student's answers to questions about logistics management and forecasting models used by FedEx. The student identifies external demand drivers like the economy and consumer preferences that affect FedEx. The student analyzes that FedEx uses qualitative forecasting based on consumer polls to project demand from online shoppers. One of FedEx's forecasting needs is financial forecasting to account for variable costs. The student recommends FedEx continue relying on outlooks, collecting information, analyzing it, generating projections, and confirming results to achieve accurate forecasts.

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    04ACTIVITY2.LOGISTICS.FEDEX.docx

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    This document contains a student's answers to questions about logistics management and forecasting models used by FedEx. The student identifies external demand drivers like the economy and consumer preferences that affect FedEx. The student analyzes that FedEx uses qualitative forecasting based on consumer polls to project demand from online shoppers. One of FedEx's forecasting needs is financial forecasting to account for variable costs. The student recommends FedEx continue relying on outlooks, collecting information, analyzing it, generating projections, and confirming results to achieve accurate forecasts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    04activity2 Logistics Fedex

    Uploaded by

    Beya
    This document contains a student's answers to questions about logistics management and forecasting models used by FedEx. The student identifies external demand drivers like the economy and consumer preferences that affect FedEx. The student analyzes that FedEx uses qualitative forecasting based on consumer polls to project demand from online shoppers. One of FedEx's forecasting needs is financial forecasting to account for variable costs. The student recommends FedEx continue relying on outlooks, collecting information, analyzing it, generating projections, and confirming results to achieve accurate forecasts.

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    of 2

    Name: Batingan, Bea Rebecca F.

    Section: BSBM411
    Subject: Logistics Management
    Date Submitted: October 11, 2020
    04 ACTIVITY 2
    Answer the following items:
    1. Identify the demand drivers present in the case study.
    2. Analyze and describe the forecasting model/s being used by
    FedEx.
    3. Determine the forecasting need/s of FedEx.
    4. Recommend ways for FedEx to achieve accurate predictions
    of their forecasting need/s using the steps of demand forecasting.

    Answer/s:
    1. In determining market conditions and demands, FedEx still
    considers external influences. Consequently, external demand generators
    are also present in the case. Economy and consumer preference directly in
    FedEx. Since the clients decide where they want their goods to be
    delivered. On the local and also foreign level, economic factors such as
    retail revenue, wholesale inventory, unemployment rates and oil prices are
    also analyzed.
    2. Qualitative, primarily consumer polls, is the forecasting model used
    by FedEx. Since online shopping is fed by consumers around the world,
    FedEx projected the amount of future demand from customers who support
    online shopping as it is very convenient for them. As online shopping
    involves shipment and distribution, this can be used by FedEx as an
    opportunity.
    3. One of FedEx's forecasting requirements is financial and
    accounting, as there are differences in some of the costs involved with their
    operation. The costs such as taxation and gasoline. Since these expenses
    shift, in order to sustain sales and avoid unnecessary investment, they
    should keep an eye on predicting them.
    4. The reason why I would strongly recommend that FedEx still rely
    on its outlook, as it plays a significant role in assessing demand and
    revenue. They would pick the department that wants forecasts for the most
    part. They can pick the best form of forecasting to be used. They collect the
    information, and then analyze it. Generate projections and eventually make
    sure that the results produced are confirmed.

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