Question: This week we look at Chapters 9 - Forecasting and Demand Planning & 10 Capacity Management. These are very important topics in operations management and
This week we look at Chapters 9 - Forecasting and Demand Planning & 10 Capacity Management. These are very important topics in operations management and the affect each other. However, there are many organizations that treat and manage them separately. This can cause many problems when it comes to having enough (or too much) product to meet customer needs.
Discuss how capacity management and demand forecasting are intertwined and why it is important to look at these together? [Please explain/discuss in 5 paragraphs]
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