Supply Chain:
Brother Clark went over a brief (underpants) slide show about why we forecast. Again my mind was wondering, but I was able to jot down a few notes about forecasting helps us with financials and inventory, even marketing is helped by understanding forecasted figures. There are two types of forecasting, quantitative and qualitative. The most important thing to know about forecasting is that it is ALWAYS WRONG!
We then broke into our teams to figure our an Excel sheet with forecasting on it. We did pretty well and I learned a new trick called "TREND" It's the same as the formula of a line and that with it you can figure out a number by putting in an 'x' value. He called it a game but we had no source of winning. It was more of an exercise. And I enjoyed it.
Company Time:
We broke into our groups and talked a bit about ourselves to know what we want to see happen. I quickly distinguished myself as the internet and web guy. This is where I wanted to go and I hope to make some major changes in the way IBC looks at web businesses. Now I need to look into what to do with this information.
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