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04activity2 Logistics Fedex

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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1K views

04activity2 Logistics Fedex

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.

Uploaded by

Beya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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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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