Discuss the issues on the forecasting system being used by a company. Recommend how to improve the
Question:
Discuss the issues on the forecasting system being used by a company. Recommend how to improve the forecasting method. Develop a forecast for each month of the next year and justify the forecast and method used. Integrate established operation management principles into the discussion. Write a business report based on 5-step critical thinking decision making model. Case Background: You are to take on the role of Sharon Place. Address your brief to Dan Block and Ed Spriggs. Comment on the forecasting system being used by the Franklin Fan Company. Suggest changes or improvements that you believe are justified. Review the attached Forecasting spreadsheet and develop your own forecast for window fans for each month of the next year, 2015. Justify your forecast and the method you used.
Operations Management Processes and Supply Chains
ISBN: 978-0132807395
10th edition
Authors: Lee J. Krajewski, Larry P. Ritzman, Manoj K. Malhotra