McDonald's

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Title: McDonald's

Essay Details:

Subject: Business

Author: Juanita R

Date: May 9, 2013

Level: University

Grade: A

Length: 2 / 524

Essay text:

The latter factor can be done by precisely forecasting demand so that food doesn't need to be thrown away frequently & also capably controlling the stock of the raw materials. However, this can be difficult as customer preferences change very often. This would create McDonald's the needs focus on product proliferation & so reducing the waste becomes more challenging. Previously, stock was taken care by the restaurant managers by using prior information & knowledge. This caused the mangers to spend a considerable amount of time forecasting the demand. Also, this being to simple a method didn't take into account and other factors(seasonal change, holidays)...

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