About different forcasting methods

Assignment Help Operation Management

Reference no: EM132300160

You are now a more seasoned engineering manager in your company. You are charged with making a forecast for estimating quantities required for three different snow shoveling equipment that your company routinely manufactures each year (small snow shovels good for minimal snow pickup, elderly citizens, and apartment dwellers, medium snow throwers electric powered good for mid-size snow storms, average build citizens, and those with small driveways or properties, large two-stage gas powered snow throwers requiring garage for storage, good for snow up to 24 inches in accumulation, and strong builded people who can push 100 pound power equipment). Your company must be within 3% variance else the cost of wasted equipment would be too large to absorb and still remain profitable for the year. Your CFO has provided you this information and the company depends on your ability to forecast accurately. You have learned a lot about different forcasting methods in your engineering management classes. How would you forecast estimated quantities for the year. Describe in detail with rationale and clarity.

Reference no: EM132300160

Questions Cloud

Aligning time and cost management plan within project plan : Students are required to write an assignment report on the topic of “Aligning Time and Cost Management Plan within the Project Plan”.

Dynamism and globalization creates opportunity : Dynamism and globalization creates opportunity as well as constraints. How are they similar? How do they differ?”

Explain how case mix and occupancy rate : Explain how case mix and occupancy rate can be used to help balance the budget of a healthcare facility.

Process involved in checking the credentials of physicians : Be sure to include information regarding the process involved in checking the credentials of physicians and other healthcare providers in the facility.

About different forcasting methods : You have learned a lot about different forcasting methods in your engineering management classes

Long-range objectives established for the organization : Effective organizing must first consider the basic mission and long-range objectives established for the organization

Payers are utilizing bonus-incentive programs for physicians : More and more healthcare payers are utilizing bonus and incentive programs for physicians and other providers.

Organization formation choices and departmentation choices : What are your organization formation choices and the departmentation choices.

Employer ever need arbitration agreement : With employment at will, why would an employer ever need an arbitration agreement? Aren't their actions covered under employment at will?

User Account

All Pages