User Account

All Pages

Predict the demand for product in a future month

Assignment Help Operation Management
Reference no: EM132952166

Select a product that you can purchase at a grocery store or at a discount retailer and respond to the following:

  • Identify the factors that would impact the demand for the product that you have selected.
  • If you wish to develop a forecast of the demand for this product in a future month (or for other appropriate time period), identify what type of forecasting method would be appropriate.
  • Identify the variables for which you would need values to be able to calculate an actual forecast for a future month (using the forecasting method you selected).
  • Create an equation that you believe would accurately predict the demand for this product in a future month and solve the equation to derive a forecast for this product in the future month that you had selected.

Reference no: EM132952166

Questions Cloud

What are the destination marketing organizations : What are the Destination Marketing Organizations that can give valuable information for your project?
Periodic review inventory system : In the Periodic Review inventory system, which of the following adjustments is appropriate if the supplier requests a longer lead time?
Continuous inventory control model : In the continuous inventory control model, you observe that the mean (average) demand increases but the variability (standard deviation) of the demand stays abo
What is the target inventory level : One of his products is a maple desk. Weekly demand for maple desks follows a Normal distribution with mean 100 and standard deviation
Predict the demand for product in a future month : Select a product that you can purchase at a grocery store or at a discount retailer and respond to the following:
How is consumer affairs victoria involved : How is Consumer Affairs Victoria involved within the real estate industry?
Identify two key features of us operating model : WAL-MART In the years ahead, Wal-Mart's greatest growth is expected to be in markets outside the US, particularly China. Important parts of its operations strat
Explain the stakeholder analysis matrix : Your task is to analyze, on the basis of research, a particular company's commitment to corporate social responsibility.
Net present value method : Identify which option of equipment should the company accept based on Net Present Value (NPV) method?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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