20 Jul BRIEFLY EXPLAIN THE DIFFERENT FORECASTING APPROACHES AND WHICH APPROACHES THE COMPANY IS USING.
1. Briefly explain the different forecasting approaches and which approaches the company is using. Provide examples of the company’s forecasting techniques.
2. Provide examples of the time horizons of the forecasts. If necessary, you can use subheadings to highlight this.
If the information is too confidential (or there is not enough information available), I want you to be bold and explain to me which forecasting techniques they should be using and why you say so.
Examples: Ticket sales, capacity issues, prices
10 Operational areas & Product and Service Design
1. Briefly explain the 10 Operational areas in Operations Management and provide examples for each one from the company’s perspective.
2. Provide examples and discuss the various product/service designs that the company uses for its products or services.
3. Where would you position the company’s products or services in their product life cycles and why do you say so?
4. Is the company managing product/service design according to their selected strategy (low cost/ differentiation/ response)?
5. What is the company doing to consider the effects of legal, ethical and sustainability considerations in the design of their products/services?
Capacity planning
Examples: Design for Boeings, other aircraft
1. How is the company managing its capacity? Explain your answer.
2. Do they have enough capacity or do they need more capacity? What do they do if they need more capacity?
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