Respond to the following in a minimum of 175 words: how has the development of the internet affected the way companies forecast in support of their supply chain planning process?

Answer and explanation:

Supply chain planning involves projecting all the processes in manufacturing from where to obtain the raw material until who will deliver the final good to retailers. Thanks to the internet, where to obtain the raw material, when to obtain it, where to find the equipment needed for manufacturing and the skilled personnel who will handle it, where the goods can be sold and who will deliver them to wholesalers so the product can reach final consumers has become easier to determine because those are questions that can be found using the worldwide web. One of the key components that drive manufacturing companies to success is the speed at which they can run the business and the internet is the tool that can fasten most of the manufacturing processes.

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