You are in charge of creating a forecast for an organization that manufactures laptops. The industry is very competitive and supplies have to be purchased far enough ahead of time so that there is no delay in the manufacturing process should the demand increase.
Discussion assignment for Operations Management
Forecasting
You are in charge of creating a forecast for an organization that manufactures laptops. The industry is very competitive and supplies have to be purchased far enough ahead of time so that there is no delay in the manufacturing process should the demand increase.
1.Which forecasting technique would you choose?
2.What are the steps in the forecasting process?
3.Why is it important to create a forecast for the correct period of time?
4.What happens when a forecast is created for 3 months when an organization needs an accurate forecast for 6 months?
Directions:
Use APA7 style (Page format, in text citation , and references)
Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite at least 3 peer reviewed references. Remember the book in this course is Stevenson, W. (2021). Operations management (14th ed.). New York, NY: McGraw-Hill Irwin.
Your initial post should address all components of the question with a 500 word limit.
Reply to at least two discussion posts with comments that further and advance the discussion topic. . ((Dear tutor the discussion assignments required 1 initial post (which is the answer for the questions above) and two replies post. Each reply 150 words with at least one peer reviewed references. unfortunately I don’t have access to view my peers discussion therefore I will just need a general two replies about the same subject.)
Requirements: 1000 words
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