Explain integrated forecasting and inventory control system, Operation Management

Assignment Help:

Herman Hahn is attempting to set up an integrated forecasting and inventory control system for his hardware store, Hahn's Hardware. When Herman indicates that outdoor lights are a seasonal item on the computer, he is prompted by the program to input the seasonal factors by quarter. Unfortunately, Herman has not kept any historical data, but he estimates that first- quarter demand for the lights is about 30 percent below average, the second quarter demand about 20 percent below average, third-quarter demand about average, and fourth- quarter demand about 50 percent above average. What should he input for the seasonal factors?


Related Discussions:- Explain integrated forecasting and inventory control system

Explain operating cost & labour cost, A location analysis for Temponi Contr...

A location analysis for Temponi Controls, a small manufacturer of parts for high-technology cable systems, has been narrowed down to 4 locations. Temponi will need to train assembl

Compute what is its cost of common equity, The earnings, dividends, and com...

The earnings, dividends, and common stock price of Carpetto Technologies Inc. are expected to grow at 8% per year in the future. Carpetto's common stock sells for $27.75 per share,

Explain how does mobile technology address day-to-day, How does mobile tech...

How does mobile technology address day-to-day business pressures?

Product Design, In what ways is product strategy linked to product decision...

In what ways is product strategy linked to product decisions?

Explain why do you prefer that method, We need to consider some accounting ...

We need to consider some accounting ideas in order to cover this week%u2019s Objective # 3. So in that regard, for your own business, which method of accounting would you use, the

Role of computers in operations management, what are the changing roles of ...

what are the changing roles of computers in operations management

Difference between performance and productivity measurement, 1. Explain the...

1. Explain the link between productivity and quality?  2. Who do van Biema and Greenwald (1997) and Drucker (1991) suggest are responsible for the slow growth in service sector

Explain what assignment minimizes the total traffic flow, Six processes are...

Six processes are to be laid out in six areas along a long corridor at Linda Babat Accounting Services. The distance between adjacent work centres is 40 feet. The number of trips b

Explain two different forecasting techniques, Two different forecasting tec...

Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows: PREDICTED DEMA

Write Your Message!

Captcha
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