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Discussion Question:

 National Furniture Company (NFC) is the manufacturer of home and office furniture. Currently they are in financial crisis and after an inquiry it was found that the problem occurred due to inaccurate demand forecast. The sales manager, who is responsible for the demand forecast was also contacted for explanation. At the other hand sometimes organizations have to spend huge money in holding the inventory which ultimately brings losses to the company.

As a Production/Operations Manager, how will you guide the Sales Manager to monitor the forecasting errors and to improve the demand forecast?

Instructions:

  •    Before attempting the GDB, gather and read required information about inventory management. After doing this, carefully        attempt GDB as per requirements.
  •    The length of your answer must not exceed 250 words.
  •     Avoid directly copying material from any source. Produce logical points in your own words.
  •       Adopt a critical approach while answering the given question.
  •     Only logical and rational points supported by good reasoning will be awarded marks.
  •    You are advised to be specific and avoid unnecessary details or explanations as it can have negative impact on your scores.
  •    Copied material will be marked as ZERO.

Other Important Instructions:

 1. Your discussion must be based on logical facts.

2. Do not copy your answer with other students or from internet sources. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.

3. Obnoxious or ignoble answer should be strictly avoided.

4. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.

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Replies to This Discussion

start discussing it fellows...

please start discussion.............

Please start discussion immediately as today is last date to submit. Please............

lec 8

read out krein

salam,

Can any body has solution plz post

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