Case Study 3: MT435 Operations Management

Case Study 3 KU Consulting KU Consulting has been asked to bid on a large consulting job with Albatross Anchor. In order to win the contract for this consulting job a well written, logical, and highly organized proposal must be written. It is your task/challenge to write the proposal for revamping Albatross Anchors Operations systems so that KU Consulting may win the $50,000 contract. Using the mandatory template (found in Doc Sharing) prepare your proposal by answering (in detail) all of the questions posed below. Your answers must demonstrate your understanding of the concepts and principles identified within the textbook, course information, and activities, but also from independent academic quality research to solve these challenges. While it is acceptable to use the textbook as foundational material you must conduct independent research, as well, using the Kaplan virtual library and the Internet to find information that supports your findings and conclusions. A minimum of four academic resources, in addition to the textbook, is required for each section of the proposal. Please note: Quotations should make up no more than 10% of your proposal. Requirements...
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Unit 9: Forecasting-Discussion

Unit 9: Forecasting. Research the following topics related to Forecasting: Qualitative/Quantitative/Mixed Methods Forecasting Demand Regression/Delphi Forecasting accuracy Trends/Patterns Select three of the topics listed and compose three paragraphs describing the topics, one paragraph per selected topic, based on the course material and additional research you conduct online.     Forecasting Forecasting Demand Forecasting demand refers to a forecasting method that looks at the future demand of a particular product or service. Forecasting demand helps in inventory management, assessing capacity requirements, production planning, and in decision making such as when targeting a new market (Pride, 2011). Both qualitative and quantitative assessments help in forecasting demand. Forecasting demand involves estimating the future sales of a particular product or service in relation to a projected marketing plan. Forecasting demand involves analysis of three key areas in a business or organization. These areas include the sales forecast of the company, industry analysis, and an environmental analysis. Regression/Delphi Regression models make future predictions or forecasts by using past data. Regression technique analyzes the relationship...
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