Forecasting and Planning
Consider the following scenario: Your organization’s forecasts from last year were wildly inaccurate, and your manager has tasked you with finding a better method of forecasting and planning for success.
You may choose from one of these types of organizations/departments:
- Marketing
- Financial
- Human Resources
Your manager cannot decide between qualitative techniques, time series analysis and project and causal models. Research the techniques, being sure to analyze how constraints are related to production and forecasting, how capabilities function as both constraints and KPIs, and how to differentiate between short-term and long-term capacity building. Based on your findings, determine building.
Forecasting and Planning
Based on your findings, determine which approach best suits your organization and/or department. Provide an overview of each method, and recommend the best solution to your manager, along with the rationale for your choice.
Your submission for this assignment should be formatted for a business context; a white paper, slide presentation, or similar option that includes your overview and recommendations would be appropriate.
You should include a references section that conforms to APA guidelines. Include at least 3 credible references in addition to the course textbook. You should include a references section that conforms to APA guidelines. Include at least 3 credible references in addition to the course textbook.
Forecasting and Planning
Consider the following scenario: Your organization’s forecasts from last year were wildly inaccurate, and your manager has tasked you with finding a better method of forecasting and planning for success.
You may choose from one of these types of organizations/departments:
- Marketing
- Financial
- Human Resources
Your manager cannot decide between qualitative techniques, time series analysis and project and causal models. Research the techniques, being sure to analyze how constraints are related to production and forecasting, how capabilities function as both constraints and KPIs, and how to differentiate between short-term and long-term capacity building. Based on your findings, determine building. Use APA referencing style.