Moser Baer COO visits DoMS, IIT Roorkee

The class was divided into eight groups of six students each. Each group had to select a CEO, COO, CMO and a CFO. Mr Girish and Mr Rakesh took the class through the process of demand forecasting with the help of a real time exercise. Various constraints on production, supply chain, finance and promotion strategies were put across the groups and the group members had to forecast the demand of various products considering these constraints They gave the groups an idea of the intricacies which pop-up due to differences in the view of personnel from different verticals in an organization. They then explained various ways through which an organization can come to a consensus on an optimal forecasting number for every product. Students were updated about various softwares available in the market for demand forecasting.