Activity - Order Predicting Problems

The problems involved with predicting orders include the data being predicted not being correct resulting in a large number of products not being sold resulting in a loss for the company, This is also the time that many people will be buy Christmas presents before the big rush meaning that products may go out quicker then expected resulting in large reorders to be done which will cause a the cost of paying for the emergency orders to increase.

The model shows us what may happen if the people buy do the same as previous years but many people will probably change their buying habits due to changes to the economy or just finding cheaper items that will affect business and leading to products we have bought not selling due to lack of customer interest.

We need to also know what customers buying habits are because customers change their habits to suit themselves, we must make a questionnaire where customers choose the shoe they are most likely to buy and order in stocks of this shoe so that we can meet demand the only problem is that some customers may lie or not take part in the questionnaire resulting in a lack of customers input an ultimately a failure.