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OPS574 Week 5 Apply Operations Plan
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Assignment Content
1.
This assignment is intended to help you learn how to apply forecasting and demand models as part of a business operations plan.
Choose 1 quantitative elements that you would like to research in relation to the organization that you selected for your business plan. These elements may be related to products, services, target market, consumer preferences, competition, personnel, resources, supply chain, financing, advertising, or other areas of interest.
Develop forecasts by implementing the following approach:
1. Collect data, including old demand forecast (subjective data) and the actual demand outcomes.
2. Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.
3. Forecast future demand using a forecasting method.
4. Make decisions based on step 3.
Develop a 5-10 PowerPoint Slide presentation evaluating and summarizing the findings from the supported data points above. Insert the charts and supporting data from Excel and other tools in your presentation.
ANSWER WILL BE SENT BY EMAIL.
1.
This assignment is intended to help you learn how to apply forecasting and demand models as part of a business operations plan.
Choose 1 quantitative elements that you would like to research in relation to the organization that you selected for your business plan. These elements may be related to products, services, target market, consumer preferences, competition, personnel, resources, supply chain, financing, advertising, or other areas of interest.
Develop forecasts by implementing the following approach:
1. Collect data, including old demand forecast (subjective data) and the actual demand outcomes.
2. Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.
3. Forecast future demand using a forecasting method.
4. Make decisions based on step 3.
Develop a 5-10 PowerPoint Slide presentation evaluating and summarizing the findings from the supported data points above. Insert the charts and supporting data from Excel and other tools in your presentation.
ANSWER WILL BE SENT BY EMAIL.
