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Wilfrid Laurier University *

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BU121

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Industrial Engineering

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Apr 3, 2024

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docx

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PLANNING TOOLS & TECHNIQUES Use reading 3.3 (pp. 120-123 of the text) to complete your notes. Planning Tool/Technique Description/Definition Forecasting Types of Forecasts Qualitative Quantitative Thinking Question Why should managers be careful when using forecasts to make planning decisions? Contingency Planning Application Question You have to get to York University, and you planned to get a ride from your best friend. What are two alternatives? i. ii.

Scenario Planning Application Question You forgot to study for a test. What scenarios could play out? And, how would you plan for each scenario. Best-case scenario Worst-case scenario Middle-ground Benchmarking Thinking Question How does bench marking relate to the concept of ‘best practices’? Application Question O’Neill H.S. is looking to improve their OSSLT results. In what ways could they use benchmarking? Staff Planners What are the pros and cons of using staff planners? Pros Cons Thinking Question Why might a ‘top-down’ plan not be implemented effectively?

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