Forecasting and Planning
david1962Assignment 1: Discussion—Forecasting and Planning
As companies become increasingly global, responding rapidly to changing customer needs, technology innovations, and global competitors becomes increasingly important to a company’s success. Failure to react in a timely manner to changing environments can hurt a company’s short-term results and can even threaten its survival.
Using the University online library resources and valid Internet sites, research a company that is competing in a global environment and has had to react to a changing environment.
Based on your research, respond to the following:
- What techniques has the company been employing to monitor the changing business environment? How is the company trying to forecast how changes in the business environment will impact the company’s processes and products/services?
- Evaluate the success of the company in reacting to an external change and analyze how this reaction impacted the company’s performance.
By Wednesday, November 12, 2014, post your responses to the appropriateDiscussion Area. Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Assignment 2: Forecasting/Scheduling
Successfully introducing a new business product or service requires significant planning. Forecasting allows the company to estimate the extent of the changes in operations by looking at levels, trends, and seasonality of the demand for the product or service.
A scheduling tool such as a Gantt chart, program (or project) evaluation and review technique (PERT) chart, or work breakdown structure (WBS) provides a way to identify and organize required activities into a logical order.
In this assignment, you will select a project-scheduling tool and use it to develop the business flow for the rollout of a new product or service. For example, a call center is considered a service operation. The new service rollout could be the expansion of the call center to a second location or establishing the call center overseas. In a manufacturing environment, such as a mattress manufacturer, the rollout of a new product could be the expansion of the product line to include futons. In the automotive industry, the rollout could be the expansion of the product line to include hybrid vehicles.
Using the module readings, the Argosy University online library resources, and the Internet, identify and select a company you will use for this assignment. This company must be different from the one chosen for M2: Assignment 2. Then, complete the following:
- Describe the business operation you are considering for the forecast and scheduling of your expansion.
- What type of forecasting method would be appropriate for the company and the product or service selected? Why?
- Choose one of the following project scheduling tools: Gantt chart, PERT chart, or work breakdown structure (WBS).
- Use the chosen scheduling tool to document the scheduling process for the rollout of a new product or service.
- Provide a rationale for the selection of the scheduling tool.
Submit a 2–3-page paper in Word format and attach a Gantt chart, a PERT chart, or a WBS developed in MS Project. For the development of the Gantt or PERT chart, you can also download a trial version of visual or graphic design software such as SmartDraw. Include a minimum of three scholarly articles to complete your research. Your writing should be clear, concise, and organized. Demonstrate ethical scholarship in accurate representation and attribution of resources. Display accurate spelling, grammar, punctuation, and APA formatting for citing of sources.
By Saturday, November 15, 2014, deliver your assignment to the M3: Assignment 2 Dropbox
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