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Using the trend projection manual method, forecast demand for transmission repairs for periods 11 and 12 2. With the aid

Using the trend projection manual method, forecast demand for transmission repairs for periods 11 and 12 2. With the aid

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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  1. Using the trend projection manual method, forecast demand for transmission repairs for periods 11 and 12

2. With the aid of a well labeled diagram, describe the transformation process at One Stop Car Repairs.

3. Is One Stop Car Repairs a service facility or a manufacturing facility

One Stop Car Repairs is a very popular mechanic shop that caters for Japanese, American and European vehicles. It is located on the outskirts of the capital where the level of economic activities is fairly high. At the garage, mechanics replace vehicle parts, change oils, wash engines, clean the interior align wheel, repair transmissions etc. The garage stocks parts that are used in its operations on a regular basis. This has its advantages and disadvantages to the business. The Operations Manager has to ensure that not too much of the company's funds are tied up in stock. Therefore, it is very important that the most accurate forecasts are done. The company collects data on the actual demand for its services and uses this data to make forecasts. The actual mumber of transmissions that were repaired for the last ten periods are as follows:- Period Transmissions reрared 1 36 2 33 3 40 41 5 40 6. 55 7 60 54 9. 58 61 10 The Operations Manager makes a number of Operations Management (OM) decisions on a regular basis. Some decisions are done more regularly than others. These decisions are based on the following:- 1. Product 2. Location 3. Quality 4. Supply Chain 5. Maintenance 6. Process 7. Layout With the introduction of new technology in the vehicular industry, One Stop Car Repairs is finding it more and more challenging to fulfil the needs of its customers and remain profitable. Thus, it becomes necessary for management to plan strategically to serve customers better and overcome the competition. An important part of the strategic planning process is to formulate mission and vision statements and operational strategies for the garage. These can have long-lasting effects of the success of the business. olcoli
Transcribed Image Text:One Stop Car Repairs is a very popular mechanic shop that caters for Japanese, American and European vehicles. It is located on the outskirts of the capital where the level of economic activities is fairly high. At the garage, mechanics replace vehicle parts, change oils, wash engines, clean the interior align wheel, repair transmissions etc. The garage stocks parts that are used in its operations on a regular basis. This has its advantages and disadvantages to the business. The Operations Manager has to ensure that not too much of the company's funds are tied up in stock. Therefore, it is very important that the most accurate forecasts are done. The company collects data on the actual demand for its services and uses this data to make forecasts. The actual mumber of transmissions that were repaired for the last ten periods are as follows:- Period Transmissions reрared 1 36 2 33 3 40 41 5 40 6. 55 7 60 54 9. 58 61 10 The Operations Manager makes a number of Operations Management (OM) decisions on a regular basis. Some decisions are done more regularly than others. These decisions are based on the following:- 1. Product 2. Location 3. Quality 4. Supply Chain 5. Maintenance 6. Process 7. Layout With the introduction of new technology in the vehicular industry, One Stop Car Repairs is finding it more and more challenging to fulfil the needs of its customers and remain profitable. Thus, it becomes necessary for management to plan strategically to serve customers better and overcome the competition. An important part of the strategic planning process is to formulate mission and vision statements and operational strategies for the garage. These can have long-lasting effects of the success of the business. olcoli
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