Project Summary: Principles of Management Chapter 5 Activity Planning Chapter 5 Case Study Nordstrom: Planning a better inventory. Read the case in your textbook. Utilize information from the chapter, Nordstroms website ( HYPERLINK "http://www.nordstom.com" www.nordstom.com) and other objective media and research sites to answer these questions: How does Nordstrom use demand forecasting to minimize leftover inventory? What benchmarks could Nordstrom use to assess the success of its web-based inventory integration? How might Nordstrom apply the concept of participatory planning to product purchasing? What groups should be involved? Imagine you have been asked to develop a long-range plan to extend Nordstroms inventory management overhaul into the future. What changes, revisions, or updates would you plan for the company? What stretch goals come to mind?