Discuss the strategic importance of forecasting

Assignment Help Operation Management
Reference no: EM132118741

1. Discuss the strategic importance of forecasting at your organization (or one with which you are familiar). What strategic decisions does it need to make in terms of forecasting? Provide two recent examples. In your opinion, was this the best way? How could the process be improved?

2. Describe the stages of a project completion

Name the seven tools of quality management. Describe Pareto diagram briefly.

Reference no: EM132118741

Questions Cloud

How the fed affects investment : How the Fed affects investment: The Federal Reserve exercises monetary policy by means of a very short-term, overnight nominal interest rate.
Qualitatively examine different forces and trend of industry : qualitatively examine the different forces and trends of the industry? quantitatively it could evaluate the profitability and growth potential of the market?
What is the economics underlying the response in the economy : Lowering the nominal interest rate: Suppose the Fed announces today that it is lowering the fed funds rate by 50 "basis points"
What monetary policy action would you take in given case : Suppose you are appointed to chair the Federal Reserve. What monetary policy action would you take in this case and why? Refer to the IS-MP diagram.
Discuss the strategic importance of forecasting : Discuss the strategic importance of forecasting at your organization. What strategic decisions does it need to make in terms of forecasting?
What about an inflation shock : No inflation stickiness: Suppose the classical dichotomy holds in the short run as well as in the long run. That is, suppose inflation is not sticky.
Check again while entering data about patient : Why is it so important to double check and check again while entering data about a patient?
Why are the given appropriate goals for monetary policy : Your day as chair of the Fed (I). Suppose you are appointed to chair the Federal Reserve. Your twin goals are to maintain low inflation and to stabilize.
Define enterprise resource planning : Define enterprise resource planning (ERP).

Reviews

Write a Review

Operation Management Questions & Answers

  Given an example of linear and integer programming

Given an example of linear / integer programming in your work place or work experience. Provide a short summary (simplify if necessary). In the standard LP format, outline the decision variables, objective function, constraints, and any relevant para..

  Potential conflict situation in criminal justice setting

Describe a potential conflict situation in a criminal justice setting. Suggest possible ways this conflict could be managed. Also, describe what you believe the role of a criminal justice administrator should be in such a situation, and why. Is there..

  Vista software explorer and system configuration

List the program filename and path for the following utilities. (Hint: You can use Windows Explorers or Search to locate files.) the Windows 7 to find the first 11 utilities listed. Task Managerf. Vista Software Explorer. System Configuration

  The interstate commerce commission is usually describe

The Interstate Commerce Commission (ICC) is usually described as:

  What are alternative philosophies to the punitive philosophy

What are the alternative philosophies to the punitive philosophy currently in vogue in the U.S. correctional system?

  Culture through the processes of modernization

The focus is on how social change affects culture through the processes of modernization. This unit asks you to share a link to an article or film that provides evidence of the clash between the processes of modernization and traditions in any one..

  Statement regarding entering into foreign markets

Please write a position statement regarding entering into foreign markets.

  How are healthcare information systems truly helping

How are healthcare information systems truly helping to solve major issues/problems being encountered by ambulatory healthcare companies today in this country?

  Address what role technology will play in the communication

Discuss how the information gap between generations, cultures, income levels, and education can be resolved.

  Evaluate the strategy that led to the merger

Evaluate the strategy that led to the merger or acquisition to determine whether or not this merger or acquisition was a wise choice.

  The critical factors to consider in design of work system

What are the critical factors to consider in the design of work system? What particular role does the technology play in the design of work systems?

  Analyze the concept of line versus staff authority

Analyze the concept of line versus staff authority and determine ways a manager may become an effective delegator of authority.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd