Operations Management Week 4

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 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.

Teachers Notes:

• A brief introduction and conclusion should also be included.
• Be sure to analyze how constraints are related to production and forecasting, Constraints are things like schedule bottlenecks, customer due dates, or supplier delays. Ensure that the heading clearly states “Analysis of Constraints”
• How capabilities function as both constraints and KPIs. Create a new heading for this topic.”Capabilities”
• How to differentiate between short-term and long-term capacity building. Create a new heading for this topic. Short-term capacity is using overtime or temporary labor. Long-term capacity could be building a new facility.
• Based on your findings, determine which approach best suits your organization and/or department. Use the heading “Findings”
• Provide an overview of each method, and recommend the best solution to your manager and the rationale for your choice. Use the heading “Overview and Recommendations” A few sentences describing qualitative, time series, project, and casual data. State: My rationale for this decision is…

Also include three scholarly articles not older than 5 years. No AI content and this is to be a slide presentation to include 8 slides with complete speakers notes.