This data is then linked to production for better model designs and communications to customers. Project delays and excessive costs can be reduced or eliminated through proper project management as well as by managers' taking a comprehensive view of managing problems, according to Eliyahu Goldratt, who has outlined his new theories in the book, Critical Chain. New Era About to Dawn for International Space Station , Peter Pae, Los Angeles Times , October 29, 2000. Peter Pae reports that cost estimates have far exceeded original figures. Some critics propose that the project should be shut down.
Sales forecasting is important for company success, especially financial health.
The authors review seven key focus points that will help any company to improve its forecasting performance. Vitamin Efficiency , Amy Doan, Forbes , November 1, 1999. Longs Drug Stores slashed its inventory without running short by using a demand forecasting system. Capacity, Location, Logistics, and Layout Planning 25. Los Angeles Times , September 8, 2000.