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

Advantage of least cost method, Advantage of Least Cost Method a.      ...

Advantage of Least Cost Method a.       This method   provides accurate solution as transportation cost is consider while making  allocation. b.      It is very simple  and

Explain what contract type puts more risk on the buyer, What are the differ...

What are the different types of contracts and how do they impact risk? What contract type puts more risk on the buyer? What contract type puts more risk on the seller?

What is the theoretical minimum number of stations, A company is setting up...

A company is setting up an assembly line to produce 192 units per 8-hour shift. The following table identifies the work elements, times and immediate predecessors:  (a)  Wh

Line balancing, What do you understand by “line balancing”? What happens if...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

Explain why internal recruitment is the most effective way, Question 1: ...

Question 1: "Internal recruitment is the most effective way to obtain a skilled and knowledgeable workforce". Critically evaluate this statement. Question 2: Classroom

Explain the different approaches to globalization strategies, 1) How does c...

1) How does corporate strategy differ from business strategy? Give me an example of each. 2) What are the "ups and downs" of a growth strategy? 3) Discuss the different appro

, What happens if balance doesn’t exis

What happens if balance doesn’t exist

Location decisions, what are the factors to be considered when making locat...

what are the factors to be considered when making location decisions

Explain managing human resources, 1. What challenges have managers at some ...

1. What challenges have managers at some technology companies faced in terms of managing human resources? 2. How do managers at some technology companies that invest resources in r

Why benefits are strategically important to employers, Why benefits are str...

Why benefits are strategically important to employers, and what are some key strategic considerations?

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