We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

Looking For Something at vustudents.ning.com? Click Here to Search


+ Link For Assignments, GDBs & Online Quizzes Solution


+ Link For Past Papers, Solved MCQs, Short Notes & More

Dear Students! Share your Assignments / GDBs / Quizzes files as you receive in your LMS, So it can be discussed/solved timely. Add Discussion

How to Add New Discussion in Study Group ? Step By Step Guide Click Here.


Question Title Forecasting Errors
Question Description

Learning Objective: The objective of this discussion is to make students able to read and search about the various sources of forecast errors.




Safdar Manufacturing Ltd. deals with the production of sports related products. The Company has been in financial troubles for the last three years. The forecast errors have been attributed as one of the main causes of its financial distress. The accuracy of the demand forecast is essential in order to assure smooth production of the products. One outcome of inaccurate demand forecast is surplus inventory in case when it is not actually required, which will end up in absorbing more costs for the company. The other adverse outcome is the  shortage of inventory when it is really required, which will lead towards loss of sales for the company. All this situation has been the source of financial problems for the company. For a company to be efficient in production, it is necessary  to monitor its forecast errors to ensure that the forecast is performing adequately.


Discussion Question:


Being Production/Operations Manager of Safdar Manufacturing Ltd, how will you help the Company in identifying the various possible sources of forecast errors?




Note: You are advised to elaborate any FOUR possible sources of forecast errors related to the case in bulleted form.

+ How to Follow the New Added Discussions at Your Mail Address?

+ How to Join Subject Study Groups & Get Helping Material?

+ How to become Top Reputation, Angels, Intellectual, Featured Members & Moderators?

+ VU Students Reserves The Right to Delete Your Profile, If?

See Your Saved Posts Timeline

Views: 62


+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)

Reply to This

Replies to This Discussion


© 2020   Created by +M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service