Question

In: Operations Management

1. During Christmas, What types of products a planner/worker for Target might need to plan for...

1. During Christmas, What types of products a planner/worker for Target might need to plan for more inventory and list out 5 products that would be highly affected by the Christmas shopping season.

2. Describe what resources the Planner/Buyer would use in order to make the best forecast.

Solutions

Expert Solution

1. During Christmas following are the products a planner/worker for Target must need to plan for more inventory:

  • Festive Clothings of all Women, Men and Children
  • Toys and books
  • Gifting articles and Decorative items
  • Electronic goods for personal use.
  • Cookware and sweets

These items will be most sought for during the Christmas season. While, the demand of following products would be lower than usual during the festive season:

  • Formal and casual wear for both men and women.
  • Office wear accessories such as laptop bags and formal handbags
  • Cleaning and housekeeping equipment.
  • Regular groceries
  • Office equipments.

2. The Planner/Buyer for Target would use historical trend analysis and customer feedback can be used in order to make the best forecasts. In addition to these, the planner may use market surveys to analyse the new product launches and the demand changes in economic, social and cultural trends in the market.

keosha answered 3 months ago
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