Shadowing Practice: What is Forecasting in Supply Chain Management - Learn English Speaking with Video
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So I'm sure you've gone to the store before and thought something would be there and it wasn't.
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And another time you went, And there was a ton Why? something called forecasting and planning.
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So forecasting, what is it?
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Forecasting is simply a prediction.
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It's a guess, an educated guess based on past experiences.
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So companies that have been producing these products year after year,
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they have a ton of data that they can use to determine what their forecast should be of how much,
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how often, how, when and how often something should be produced.
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based on a few things.
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And almost every company that has a product or service use forecasting in some aspect even if they don't call it forecasting.
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Your meteorologist or your weather person, forecast right the weather forecast they're using past data
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and instruments to determine what the forecast will be for the week
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and that data is pretty accurate at this point in the game all types of companies use
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uh forecasting uh to determine how much they will sell this year based on how much they sold last year
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or the year before any uh seasonality
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that could be associated with a product this is why you
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see valentine's day items on the shelf in mid to late january
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and you see that saint patrick's day stuff on the shelf right after valentine's day is over with
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because of forecasting and and planning, but forecasting is used in several different aspects.
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Believe it or not, when you're planning your money to pay bills and things like that, you're forecasting.
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When you're looking at Is this in the budget?
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It's an aspect of forecasting.
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But let's look at forecasting from a bit of a different perspective, because it boils down to knowing the relationship of forecasting
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and a few other variables that really determines how well a company operates
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when it comes to their supply chain or just operating efficiently.
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So first we have what we call customer demand.
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This is what happens when customer demand goes up.
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But supply is low, your prices are going to be high because you have a very hot commodity or product.
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Everybody wants it, but there's not enough of it.
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They're going to raise the prices on those things.
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One, because they can make a profit from it.
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But two, because it's in such high demand and supply is low, it's going to be very hard to get the product.
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This happened with the PS5.
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the PlayStation, they did raise the prices when it first came out.
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Now the opposite happens when supply is high but demand is low right?
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Companies have a ton of inventory and they want to get rid of that inventory as soon as they can because remember, inventory on the shelf companies is cash.
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So we don't want our money just tied up on the shelves.
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If we can sell it, we're going to mark it down, mark it down, mark it down until people actually start buying it because we have too much inventory.
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So when supply is high and demand is low, That is when you have decreases in prices and price drops
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and advertisement for things because companies are trying to get rid of inventory.
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So it starts with customer demand and capacity to meet that demand.
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How much are the consumers like you and I are asking for of this particular product?
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based on consumer demand and the past data that we have, based on consumer consumption, what they've already purchased before, right?
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Last year, previous year, last six months, however you wanna run it.
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Now we can take both of those data points and determine what the forecast should be.
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Now that we have numbers, legitimate numbers, we can move into our planning phase, right?
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We're gonna produce this much, at this time and we're going to sell it at this price.
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And then we may increase or decrease that Based on.. past experiences, as well as customer demand.
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The reason customer demand is always important is because sometimes there are trends
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that are taking place in the marketplace that last year's data will not capture.
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And because of that, we always have to stay abreast to what's going on in the current industry
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or the environment so that we can factor that into our forecast.
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And then the last piece of that is when you begin to schedule things for production.
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Thank you.
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Right, because you can plan, you could forecast based on consumer demand and consumption, but your scheduling is also very important, right?
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You can't just produce a ton of inventory.
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It's very expensive to do and you don't want a lot of it just sitting on the shelves because one, They have a shelf life,
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especially perishables or let's say bread or milk.
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You can't produce a lot of that.
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They have very short expiration dates.
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Right.
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But even computers and televisions, those products to depreciate over time. So.
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Companies want to sell their inventory fast.
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This is where inventory turnover comes in.
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You want your product on the shelf only so long sold.
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By the time it sells, you want your product right back on the shelf.
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So you don't want it selling too fast.
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You don't want it selling too slow.
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balance of power, right?
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But that is forecasting in a nutshell.
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So key takeaways, forecasting is just a prediction based on past experiences, and Customer Demand.
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The important thing is understanding the relationship between customer demand, forecasting, planning, and scheduling.
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Woordenschat en spreektips bij deze les
Deze spreekles op niveau C1 is gebaseerd op de video “What is Forecasting in Supply Chain Management”. Deze woorden komen het vaakst terug: forecasting, demand, product, inventory, forecast. Deze video bevat 72 zinnen en 931 woorden om na te spreken. Het gesproken deel duurt 6:27. De spreker praat in een gelijkmatig tempo van ongeveer 144 woorden per minuut, prettig om te shadowen. 88% van de woorden hoort bij de 3.000 meest gebruikte Engelse woorden; de rest kun je beter vooraf bekijken.
Belangrijke woorden in deze video
De 14 moeilijkste woorden uit de video, met uitspraak en betekenis:
| Woord | Uitspraak | Betekenis |
|---|---|---|
| forecast zelfstandig naamwoord | /ˈfɔːkɑːst/ | voorspelling, schatting |
| shelf zelfstandig naamwoord | /ʃɛlf/ | schap, rek |
| prediction zelfstandig naamwoord | /pɹɪˈdɪkʃən/ | voorspelling |
| abreast bijwoord | /əˈbɹɛst/ | op de hoogte, bekend |
| meteorologist zelfstandig naamwoord | /ˌmiːti.əˈɹɒ.lə.dʒɪst/ | weerkundige, meteoroloog |
| nutshell zelfstandig naamwoord | /ˈnʌt.ʃɛl/ | notendop |
| perishable bijvoeglijk naamwoord | /ˈpɛ.ɹɪ.ʃə.bəl/ | beperkt houdbaar, bederfelijk |
| takeaway zelfstandig naamwoord | /ˈteɪkəweɪ/ | afhaalmaaltijd |
| turnover zelfstandig naamwoord | /ˈtɝnoʊvɚ/ | omzet, zakencijfer |
| efficiently bijwoord | op een efficiënte manier | |
| boil werkwoord | /bɔɪ(ə)l/ | koken, aan de kook brengen |
| advertisement zelfstandig naamwoord | /ˈædvɚˌtaɪzmənt/ | reclame, advertentie |
| commodity zelfstandig naamwoord | /kəˈmɑdəti/ | waar, goederen |
| educate werkwoord | /ˈɛd͡ʒ.əˌkeɪt/ | opleiden, onderwijzen |
Phrasal verbs die je zult horen
| Woord | Uitspraak | Betekenis |
|---|---|---|
| come out werkwoord | /ˌkʌm ˈaʊt/ | uitkomen |
Zinnen om te herhalen
Korte, volledige zinnen uit de video die je in alledaagse gesprekken kunt gebruiken:
- You can't just produce a ton of inventory.
- You can't produce a lot of that.
- You don't want it selling too slow.
Grammatica in deze video
De structuren die de spreker het meest gebruikt, met de exacte woorden uit de video:
| Structuur | In de video |
|---|---|
| Present perfect have/has + voltooid deelwoord — iets uit het verleden dat nu nog telt | you've gone · they've already purchased |
| Lijdende vorm be + voltooid deelwoord — het gaat om wat er gebeurt, niet om wie het doet | should be produced · could be associated |
Uitspraak om op te letten
De spreker gebruikt 21 samentrekkingen en verkorte vormen, zoals don't, we're, you're. Spreek ze kort uit, zoals je ze hoort.
- De klanken “sh” en “zh”: shelf /ʃɛlf/, prediction /pɹɪˈdɪkʃən/, depreciate /dəˈpriʃiˌeɪt/, expiration /ˌɛk.spɚˈeɪ̯.ʃən/, nutshell /ˈnʌt.ʃɛl/
- Lange woorden — let op de klemtoon: depreciate /dəˈpriʃiˌeɪt/, expiration /ˌɛk.spɚˈeɪ̯.ʃən/, meteorologist /ˌmiːti.əˈɹɒ.lə.dʒɪst/, perishable /ˈpɛ.ɹɪ.ʃə.bəl/, advertisement /ˈædvɚˌtaɪzmənt/
Zo oefen je met deze video
- Luister de hele video één keer zonder te spreken en noteer de woorden die je niet kent.
- Spreek zin voor zin na op normale snelheid en herhaal elke zin tot je ritme gelijk is aan dat van de spreker.
- Neem jezelf op en vergelijk met het origineel; let daarbij op woorden als forecast, shelf, prediction.
Wat is de Shadowing-techniek?
Shadowing is een wetenschappelijk onderbouwde taalleermethode die oorspronkelijk is ontwikkeld voor professionele tolkentraining en gepopulariseerd door polyglot Dr. Alexander Arguelles. De methode is eenvoudig maar krachtig: je luistert naar native Engelse audio en herhaalt het onmiddellijk hardop — als een schaduw die de spreker volgt met slechts 1–2 seconden vertraging. In tegenstelling tot passief luisteren of grammaticadrills, dwingt shadowing je hersenen en mondspieren om echte spraakpatronen tegelijkertijd te verwerken en te reproduceren. Onderzoek toont aan dat het de uitspraaknauwkeurigheid, intonatie, ritme, verbonden spraak, luisterbegrip en spreekvaardigheid aanzienlijk verbetert — waardoor het een van de meest effectieve methoden is voor IELTS Speaking-voorbereiding en echte Engelse communicatie.