QUESTION 5:What is demand forecasting and why it’s vital to the company’s operations?
Q: e continue with the Painting at JWU project moving into Phase 2 by creating the project milestones…
A: Project management is a field of study where specific tools and techniques are used to monitor and…
Q: The number of internal disk drives (in millions) made at a plant in Taiwan during the past 5 years…
A: Simple linear regression is determined with following formula: Y = a+bx Slope b =…
Q: Project B is the development of a facility in a remote area, of about GHS 5 million in value, of…
A: "Since multiple questions are asked, we will answer the first question for you. If you want any…
Q: Provide a summary of annual surveys and surveys funded by companies marketing agile solutions on the…
A: Annual surveys and surveys funded by companies marketing agile solutions are often conducted to…
Q: DM Office Products (DMOP) is a wholesale supplier of office products with one facility in…
A: The centroid approach uses cluster analysis to group related items or data points according to how…
Q: You have joined as at Team Leader at “YourWorkSpace” which is a co-working space wherein different…
A: Here, “YourWorkSpace” is a coworking place where various companies lease offices or workstations, we…
Q: 2. Arrivals and departures to Star Optometrist are collected and reported below: Arrival Departure…
A: Given-
Q: a factory that produces a small number of items per day. In about 30% of working days the factory…
A: A: the factory produces 7 units of the product. B: the factory produces 8 units of the product. C:…
Q: Are barriers to m-commerce exist, and if so, what are they? So how do you plan on beating them?
A: Below are the points whether barriers to m-commerce exist or not:
Q: B А E8 C 15 G F 10 10 H 10 K 5 N 22 L 12 M 7 ai) Critically discuss why sometimes the use of…
A: A project that is running behind schedule due to poor progress is said to be belated. There are many…
Q: How can a company ensure ethical and sustainable practices in its global supply chain, particularly…
A: Sustainable supply chain management is defined as the management of material, information and…
Q: Eva, the owner of Eva's Second Time Around Wedding Dresses, currently has five dresses to be…
A: Given:
Q: Describe the impact that a large number of continuously operating processes has on the capacity…
A: The practice of assessing a system's capability to generate products or services in order to satisfy…
Q: What exactly is meant by the term "system model," and how are such models defined? While developing…
A: A system model is defined as a complex system which analyze and understand its behavior.it can take…
Q: You may argue that its importance to corporate operations makes it a must-have. While developing…
A: Introduction: In today's world, software has become an integral part of business operations. From…
Q: Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time,…
A: Given: Arrival rate (λ) = 3 per 8 hr = 3/8 = 0.375 per hr Service rate (μ) =1 per 2 hrs =1/2 = 0.5…
Q: A Construction Project A maintenance building construction project also includes an external…
A: Find the information below:
Q: Angela Fox and Zooey Caulfield were food and nutrition majors at State University and close friends…
A: Based on the above scenario Let us assume that F= fish dinner, B= Beef dinner The objective…
Q: Directive: Strategic decisions set precedents for lesser decisions and future actions throughout an…
A: The directed decision-making approach makes use of swift judgment to reach a conclusion. A directive…
Q: critically examine the important elements that may cause obstacles to UPS supply chain management…
A: United Parcel Service (UPS) is global logistics company provides package delivery, supply chain…
Q: Philip Nelson owns a fireworks store. Philip's fixed costs are $10,000 a month, and each fireworks…
A: To find: (a) The break even point. (b) The new break even point. (c) The indifference points.…
Q: Which of the following is true of Title VII of the Civil Rights Act of 1964? a.)It does not…
A: The Civil Rights Act of 1964 is a landmark federal law in the United States that prohibits…
Q: a. In Problem 42, Mega-Mart is considering purchasing a parcel of land adjacent to the current site…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Find out what kinds of books are in the inventory at the moment. Each category should only have one…
A: Inventory in simple words is the goods or materials which are available in the stock of a business…
Q: 4. A nursery grows and sells rose bushes. To grow the bushes there is a fixed annual cost of $20,000…
A: (a) Equation for the cost function is C(x) = 20,000 + 10x, when x is the quantity of rose bushes…
Q: 1.3 1.4 Riza produces connectors on a 6-person assembly line. Last week, the company produced 3000…
A: Given- No. of workers = 6 workersUnits produced = 3000 unitsScrapped units = 50 unitsWorking hours=…
Q: When did the first copy machine hit the market?
A: Prior to the introduction of the copy machine, copying documents was a slow and cumbersome process…
Q: Demonstrate how credit risk management issue can be resolved through the application of a The…
A: Credit risk management is an important concern for financial institutions as it involves the risk of…
Q: The probability that the seminar will be ready in time is 0.8643 (Enter your response rounded to…
A: A network diagram shows the sequence of the task that is done to complete a project. It usually…
Q: Why is the Business Analysis Modeling important during business requirement gathering phase in…
A: Business Analysis Modeling is an important aspect of the business requirement gathering phase in…
Q: Apple has increased its revenues by introducing new products (e.g., Mac, iPod, iTune, iPhone, iPad,…
A: The assertion "By releasing new goods, Apple has raised its profits (e.g., Mac, iPod, iTunes,…
Q: Thanks. e. Assign tasks to workstations using the cycle time in “b” above. f. Calculate the…
A: Given: Cycle Time = 90 seconds Total Task time = 340 seconds Theoretical Number of Workstations = 4…
Q: The GoT cups are a fast seller and you need to ensure that you have enough rolls of paper to fulfill…
A: Given- H= $2 per unitD= 400 rolls per monthS= $20 per order
Q: (In Urban Air Mobility) Please find out whether EASA have relevant safety target values according to…
A: EASA is European Aviation Safety Agency. These documents guarantee items and make a European…
Q: What exactly is meant by the term "system model," and how are such models defined? While developing…
A: Below is the definition of System model:
Q: 2. Solve this model using graphical and simplex method and compare the answers. A transistor radio…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Whether businesses like it or not, bloggers have tremendous power. A positive review on a popular…
A: The ascent of social media and online platforms has led to another type of influencer - bloggers.…
Q: Determine where you fit in a supply chain. For what reason is the value chain in place? What is it…
A: As an AI language model, I am not a physical entity in a supply chain. However, I can support in…
Q: Just 35% of mobile development projects met budget, time, and objective criteria, according a recent…
A: The key to project planning is precision. Many projects fail due to uncertain cost estimates, and of…
Q: Please analyze Levi Strauss & Co and tell me how they use information systems for STRATEGIC…
A: Below is the explanation on how Levi Strauss & Co use information systems for STRATEGIC…
Q: In what ways is it crucial that SEs follow the guidelines laid down in the SE code of conduct?
A: It is crucial for software engineers (SEs) to follow the guidelines laid down in the SE code of…
Q: Differentiate between design capacity and capacity utilization.
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: What are the key concepts and techniques of data mining and predictive analytics, and how can they…
A: Predictive analytics alludes to the utilization of both new and authentic data, factual…
Q: Warehousing plays an important role in the supply chain or distribution for any goods or products.…
A: Warehousing is a crucial component of the supply chain, providing a central location for the…
Q: The Childfair Company has three plants producing child push chairs that are to be shipped to four…
A: A transportation problem would be a linear programming challenge that includes choosing the best…
Q: Is it feasible for one procedure to be interrupted while another is in the midst of execution?…
A: It is feasible for one operation to be interrupted while another is in the midst of execution,…
Q: When a business decides to outsource some tasks, how much money can they anticipate to save?
A: Businesses that want to save expenses and boost efficiency often outsource their operations.…
Q: 1. A dealer wishes to purchase a number of fans and sewing machines. He has only 5760 ETB to invest…
A: Decision Variables: Suppose-X1 be the no. of fans to be purchased X2 be the no. of sewing machines…
Q: For the sake of argument, let's say you've isolated the source of XYZ's operational problems. 1.…
A: Below is a general framework for identifying and addressing operational challenges:
Q: Consider the following questions to prepare for our discussion of Costco's strategy for competing in…
A: Elements of the value chain where Costco performs to pursue its strategy and increase its…
QUESTION 5:What is demand
Step by step
Solved in 2 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Discussion Questions: Question 1 (a) An effectively formulated operation strategy is critical to the success of a business, agree or disagree? Give reasons for your answer. (b) Suggest two strategies that Cutie Barber Salon could use to achieve the mission outlined in your response to question 1. Question 2 What is the strategic importance of forecasting for a business such as Cutie Barber Salon? What are the possible challenges faced by organizations that do not utilize forecasting in the planning of their operations? Question 3 Discuss two ways in which the barber salon can overcome the challenge of operating successfully in an environment of increasing costs while at same time customers are demanding lower prices.Operations Management CH 3 Question 14 Harlen Industries has a simple forecasting model: Take the actual demand for the same month last year and divide that by the number of fractional weeks in that month. This gives the average weekly demand for that month. This weekly average is used as the weekly forecast for the same month this year. This technique was used to forecast eight weeks for this year, which are shown in the following tables along with the actual demand that occurred. The following eight weeks show the forecast (based on last year) and the demand that actually occurred: WEEK FORECAST DEMAND ACTUAL DEMAND 1 135 132 2 135 128 3 135 150 4 134 160 5 134 180 6 144 170 7 155 185 8 156 205Operations Management CH 3 Question 14 Harlen Industries has a simple forecasting model: Take the actual demand for the same month last year and divide that by the number of fractional weeks in that month. This gives the average weekly demand for that month. This weekly average is used as the weekly forecast for the same month this year. This technique was used to forecast eight weeks for this year, which are shown in the following tables along with the actual demand that occurred. The following eight weeks show the forecast (based on last year) and the demand that actually occurred:
- __________________________________________________________________________Question No. 1A) Prepare the total budgeted sales in dollars for the quarter ended March 31, 2021 usingthe following data.Feb Mar AprQuantity of budgeted units for salesJan 25000 Feb 55000 Mar 35000 Apr 40000 Expected selling prices of each unitJan $12 Feb $15 Mar $20 Apr $22 B) What is Budget & how does it helps management in managing business?QUESTION 1 Sales of Fat Lips Burgers for 2012 are shown in the table below. 1. Do the 2 month SMA forecast 2. Do 2 month WMA forecast using the information below WMA – 2: last month, 1 – last 2 months 3. For the month of January 2012, the forecast was 438. Do the EMA forecast with the smoothing constant = 0.3. What is the forecast for Jan 2013? 4. Compare the forecasts above using MAD, MSE and MAPE. Which forecast method gives the least errors? Month Actual Sales Forecast Jan 2012 438 Feb 420 March 414 Apr 318 May 306 June 240 July 240 Aug 216 Sep 198 Oct 225 Nov 270 Dec 315 Jan 2013 - QUESTION 2Dayang sells 5 kg bags of fertilizer to local farmers in Tg Karang. The sales data for the past 11 months is shown below. Month Demand (10s of bags) 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15 1. Find the forecast for the month 12 using the methods below: a. Simple 4 month moving average (SMA) b.…Cluster analysis is often used for what business purpose? Question 12 options: Predicting product demand Segmenting customers Assessing product success Forecasting future revenue
- QUESTION 1The table below shows the sales figures for a brand of shoe over the last 12 months.Months SalesJanuary 69February 75March 86April 92May 95June 100July 108August 115September 125October 131November 140December 150 a. Using the following, forecast the sales for the months up to January the following year:-i. A simple three month moving averageQUESTION ONE (b) The forecast of a product for the first week of January was 200 units, whereas the actual demand turned out to be 220 units. i. Find the forecast for the week of January assuming the smoothing constant 0.2 α = ii. Find the forecast for the third week of third week of January if the actual demand of the second week is 210 unitsQuestion 2 Historical demand for gulab jamun from a sweet stall on Commercial Road is as displayed in the table. Month Demand (orders) January 66,753 February 67,686 March 68,641 April 68,979 May 69,278 June 69,577 July 69,602 August 70,348 September 70,806 October 71,011 November 71,819 December 72,752 What is the forecast for June using Holt's model with an alpha of 0.1 and a beta of 0.2? 69121 69612 70564 63545 Full explain this question text typing