Explain the impact of these findings on operational decision

Assignment Help Operation Management

Reference no: EM133475907

Question: Choose 1 quantitative element that you would like to research in relation to the organization that you selected for your business plan. This element may be related to products, services, target market, consumer preferences, competition, personnel, resources, supply chain, financing, advertising, or other areas of interest. However, at least one of these elements should be related to a product or service that your organization is planning to offer.

Develop forecasts by implementing the following approach:

Collect data, including old demand forecast (subjective data) and the actual demand outcomes.
Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.
Forecast future demand using a forecasting method.
Make decisions based on step 3.
Develop a 5-10 PowerPoint Slide presentation evaluating the findings from the supported data points above, and explain the impact of these findings on operational decision making. Insert the charts and supporting data from Excel and other tools in your presentation.

Reference no: EM133475907

Questions Cloud

Why this type of facility would be recommended over : Specify the position categories and/or titles for these positions and include what are the credentials or licensures required by these positions

Identify ethically problematic communication situations : ENG 2311- Identify skills you used for successful cross-cultural communication. Identify ethically problematic communication situations.

Discuss the evolution of epidemiology in public health : discuss the evolution of epidemiology in public health. Choose 1 of the following key pioneers in the field, and discuss his influence and contribution

Summarize the article and, if applicable : discuss something that you learned in either the reading, or slides, that surprised you or was something that you found particularly interesting.

Explain the impact of these findings on operational decision : Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.

Create a budget analysis report of current failed project : Create a budget analysis report of the current failed project and a project estimation report for the turnaround project.

What are your areas of strength and weakness : What are your areas of strength? What are your areas of weakness? - What areas did you find most surprising, and why?

What is the message the cartoonist is attempting to convey : AMH 2010- Why did Americans engage in imperialism (1890-1914)? What is the message the cartoonist is attempting to convey?

What are the elements of scientific management : Summarize key points in your own words. Be clear on what are the elements of Scientific Management. Use bullet point sentences. Avoid simply transcribing

User Account

All Pages