Problem
A company director wants to employ you to forecast the monthly inventory levels for the firm, which manufactures a single product. However, he is unclear what facilities to provide you with, this being the first formal forecasting project undertaken by the firm. Discuss the kinds of decisions that need to be made, including those about what information to utilize and how much money to spend, and the implications of these decisions.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.