Forecasting and Inventory Data
READ INSTRUCTIONS CAREFULLY AND ADDITIONAL MATERIAL UPLOADED:
APA STYLE
Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your paper should be highly organized, logical, and focused.
Ensure your paper uses current APA style for content, with properly indented paragraphs, and a minimum of 3-full pages (minimum 750 words) covering the assigned topics to appropriate depth.
Ensure you have at a minimum three quality references supporting your work: defining words, or using dictionaries, wikis, or encyclopedias, does not count as a quality reference, or meet university standards for credible online research.
Plagiarism is an act of academic dishonesty.
Evaluate the purpose of forecasting and inventory management within operations management.
Forecasting is a realistic application of the scientific method towards future business requirements. This can be accomplished with both qualitative and quantitative methods. Inventory Management also connects to forecasting and is a key element of success within the supply chain and operations management professional areas of business.
Forecasting and Inventory Management support operations management efforts. However, you need to explore and evaluate these concepts more closely demonstrating knowledge of these real-world business concepts.
Directions
In this assessment, you will compose an informative essay in which you specifically address the parts listed below.
Part 1: Examine the business concepts provided below:
Forecasting
Select a part of forecasting to evaluate based upon your prior reading in the ebook. Conduct online research to support your writing with credible sources. In particular, demonstrate your knowledge of how forecasting supports operations management efforts. Select one method of forecasting as presented in the ebook that you find potentially useful in your own career (I am an . Evaluate how you would apply it in a real-world business setting. SEE FORECASTING PROCESS -PAGE 3
Inventory Management
Select a part of inventory management to evaluate based upon your prior reading in the ebook. Conduct online research to support your writing with credible sources. In particular, demonstrate your knowledge of how inventory management supports operations management efforts. Select one method of inventory management as presented in the ebook that you find potentially useful in your own career. Evaluate how you would apply it in a real-world business setting. SEE INVENTORY MANAGEMENT -PAGE 4
Part 2: Close your paper with the following observations from your research:
The importance of forecasting and inventory management within the context of operations management. Make sure you evaluate the purpose of forecasting and inventory management within operations management, as you close your paper, with skilled professional reflection and commentary.
Ensure each topic is covered to appropriate breadth and depth demonstrating knowledge of the module concept.
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