Discuss the issues on the forecasting system being used by a company. Recommend how to improve the forecasting method. develop a forecast for each month of the next year

Develop a forecast for each month of the next year and justify the forecast and method used.Discuss the issues on the forecasting system being used by a company..

 

 

Description

Operations Management.

Module 4 Brief: Franklin Fan Company Forecasting

Purpose

This assignment is intended to assess your ability to:

  • Discuss the issues on the forecasting system being used by a company.
  • Recommend how to improve the forecasting method.
  • Develop a forecast for each month of the next year and justify the forecast and method used.
  • Integrate established operation management principles into the discussion.
  • Write a business report based on 5-step critical thinking decision making model.

Action Items

  1. Read the case: Franklin Fan Company Forecasting.
  2. Write a 4 -page business brief that explain the following in detail:

You are to take on the role of Sharon Place. Address your brief to Dan Block and Ed Spriggs.

  1. Comment on the forecasting system being used by the Franklin Fan Company in details.
  2. Suggest changes or improvements that you believe are justified.

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