Reference no: EM132395263

OPM400 - Production & Operations Management - Manufacturing & Services Assignment - Seneca College, Canada

NCC Assignment - Case Study MB Pipes Inc.

MB Pipes Inc. is a medium sized Company, which supplies office pipes to different shops throughout Ontario.

MB Pipes Inc. does not have the financial resources to hold high levels of stock, and therefore manufactures its furniture per sale orders. This strategy causes long delivery times (4-5 weeks) and other operational inefficiencies, including the cancellation of sales orders by their most loyal customers. Other furniture manufacturers, mainly from the USA are penetrating into the GTA market, and the business future for MB Pipes Inc. looks bleak.

The CEO has decided to change the company strategy and to manufacture products to stock. In that way its delivery times will decrease to less than one week, and the company will be able to keep their market share and even increase it.

In order to minimize stock levels and their very high financial cost, the CEO asked the Operations Manager- you, to develop a forecasting method that will achieve this goal.

You just graduated from the well-known Seneca College, and have been recently hired in the Operations Group. You have been assigned the task to determine the best method of forecasting.

It was decided to develop a prototype forecast, with only one product, and then to develop forecasting methods for all the other products of the company, if the prototype was successful.

You need to prepare a report. You should investigate three forecasting methods- Simple Moving Average, Weighted Moving Average, and Exponential Smoothing.

Attachment:- Production & Operations Management Assignment File.rar