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

www.bit.ly/vucodes

+ Link For Assignments, GDBs & Online Quizzes Solution

www.bit.ly/papersvu

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

MGT613 Production / Operations Management GDB Solution and Discussion Due Date 25-11-2014

Topic: Forecasting

Learning Objective: 
The objective of this discussion is to make the students able to read and analyze the information on the concept of forecasting and to understand how to make an adequate demand forecast.

Discussion Question:

 ABC Limited is currently dealing in the manufacturing and sales of the furniture equipment. The organization is currently facing severe financial troubles.  At the inquiry it was revealed that these troubles are majorly due to inadequate demand forecast. The sales manager who was responsible for making the demand forecast, when contacted for the explanation of the trouble reported that the major problem lies in the inaccuracy of the demand forecast. Sometimes, the company incurs huge expenses on inventory holding in situations of reduced demand while at others; the company has to face losses by giving up their valuable customers, when they are unable to meet the customer demand because of the shortage of the produced items.

Being a student of production/operations manager, how will you help the Sales Manager in monitoring the forecast errors and in improving the accuracy of their demand forecasts in order to ensure that the demand forecasts are performed adequately in future?

+ 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: 175

.

+ 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)

Replies to This Discussion

Please Discuss here about this GDB.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....

RSS

Latest Activity

+ ! Ryan replied to + "AS"'s discussion Neelam Mat Karna ...
2 minutes ago
+ ! Ryan replied to + "AS"'s discussion Neelam Mat Karna ...
3 minutes ago
Azhar Sagar posted a discussion
9 minutes ago
+++STUDENT+++ posted discussions
9 minutes ago
+ M.Tariq Malik liked + "AS"'s discussion Neelam Mat Karna ...
25 minutes ago
+ M.Tariq Malik liked + Adeeena's discussion har shakhas muhabt krta hae !!!
26 minutes ago
+ M.Tariq Malik replied to + M.Tariq Malik's discussion VU Students Reserves The Right to Delete Any Profile On the Site
30 minutes ago
+ "AS" liked + "AS"'s discussion Neelam Mat Karna ...
31 minutes ago
+ "AS" posted discussions
31 minutes ago
+ M.Tariq Malik liked + Adeeena's discussion sometimes......
32 minutes ago
Usama Rao is now a member of Virtual University of Pakistan
34 minutes ago
+ "AS" liked + "AS"'s discussion Zabt Sabhi ...
39 minutes ago
+ "AS" liked + "AS"'s discussion Jo Ghair Thy..
45 minutes ago
+ ! Ryan replied to + "Jɨyą's discussion me esi hon...!
1 hour ago
Naser Javed (BBIT-6) replied to + Adeeena's discussion har shakhas muhabt krta hae !!!
1 hour ago
+ Adeeena posted discussions
2 hours ago
+ Adeeena replied to + Adeeena's discussion sometimes......
2 hours ago
+ Adeeena replied to + Adeeena's discussion sometimes......
2 hours ago
Naser Javed (BBIT-6) replied to + Adeeena's discussion sometimes......
2 hours ago
+ "Jɨyą replied to + Adeeena's discussion sometimes......
2 hours ago

Today Top Members 

© 2019   Created by + M.Tariq Malik.   Powered by

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