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Introduction and Quantitative Analysis Plan

Robert Shulzinsky:

SNHU:

Quanitative Analysis:

July 6 2017

Introduction

A cat company is a technological company which deals with gadgets that vary with the level of technology and more especially products that need consistent quality research to improve their quality. These type of products gives a greater demand for the company to have a quality control mechanism that will help develop the quality of the company products. The riskiest stand such an organization can do to ignore the quality enhancement aspect of the products. Moreover, the management system of the company depends on the information that is a given from the operation l functional area of the firm such as sales, production and research departments. The sensitive part of this type of an organization relies on improving its products and ensuring that the products are not wasted, they meet the demand in the market and above all, they are of customer quality specifications.

Moreover, the organization deals with the different level of workers with a different understanding. Any form of decision making information should be prepared in a simple way that is easily understood to enhance understanding between different parties that will use the information. For instance, the demand for the generators produced by the company varies with the season. For the last few years, the demand for the refrigerators and transformers of the company has consistently increased. The increasing trend provides a viable forecasting solution of the future demand for its products. Therefore, this organization will consider seasonal demand, past increasing trend, the period in a year and the consistency of increase in its operations as provided in the historical data of the company.

Analysis plan

A. Quantifiable Factors

1. Sales

Sales level of the company is different in different periods of the month. The company can record its sales demand; it can give the record of every sale done by the company which will give the basis to determine the likely current sales and also the future sales of the company. Future forecasting of the company sales will depend on the past data of how the company has been selling its products in the market. The operation process result is to produce a quality product that will be sold. If the operation process of the company is not efficient, the number of products that are produced will reduce which will result to reduced level of sales since will be no products to sell

2. Demand

The demand involves the requirement level of the company products. The company transformer demand as outlined was 745 requirements, and for the last few years, the requirement is expected to increase up to 1000. This future forecasting is intuitive based on simple observation. Tom establish the exact value of the increase of decrease of the company requirement, t will need the calculation of the trend of increase in consideration of the aspects that entail seasonal changes and quality standards. The demand calls for the urgency and needs for the operation process. The demand is the reason for the sales of the company and hence influences the sales. Also, demand can be of the product.

3. Quality requirements

The quality system of the company goes a measure that determines the quality standards of the company product. This can be quantified through outlining all the aspects that consist of a quality product. The product will be evaluated and quantified in an expressed percentage of the level of quality standards that it has. Through such, the management can be able to understand that the product has met the requirement as provided by the quality levels set by the management. The essence of fighting to have an effective process is to enhance the quality of products. A production process is developed to meet all the quality requirement, and hence there will be no production method if the quality is not considered.

B. Problem Statement.

Operation prerequisite of the organization needs monitoring to keep the quality standards of the product. There is also needed requirement of the process to enhance the production of the product required. Likewise, it is needed a forecast of the number of products that should be produced in the future. If the company struggles to keep the quality of the products, establishing satisfaction on the requirement side will be difficult. And also, if the process is enhanced with the associated risk, what is the future sales in the market? The worry is whether the production will continue to increase in the future and also whether there demand of the products in the market will be quenched.

C. Strategy to Address the Problem

Three aspects are involved in the whole processes of the company. One of the aspects is the season fluctuation in demand of the company products. The monthly indifferences indicate these in the sales of the company. Another aspect is meeting the future demand through enhancing quality and establishing quality control system. What the company should do it to analyze the historical data by also considering any permit changes that the company has made and their influence on the production. Select a method for analysis which in this case will involve every aspect of concern in the case. The best method to use which will utilize the past data for future prediction includes time series and trend analysis.

References

Chang, J. F. (2016). Business process management systems: strategy and implementation. CRC Press.

Pierce, W. C., & Sawyer, D. T. (2013). Quantitative analysis. John Wiley And Sons, Inc; London; Toppon Company, Ltd; Japan.