MGMT 3344 Study Guide - Quiz Guide: Demand Forecasting, Sales Operations, United States Dollar
Document Summary
Boat sales increase late winter/early spring flu shots spike preceding cold weather. Christmas trees in christmas season: short range forecasts provide operations managers with information to make decisions about: In today"s operations environment there are two ideal goals: Do not carry extra inventory avoid inventory carrying costs. Produce every product or service everyday: sales forecasting in small and/or start up business is difficult: Jit stands for just-in-time system that aligns raw material orders from suppliers directly with production schedules. It reduces inventory costs, and increases efficiency with better quality products. Toyota is known to pioneer this system: the u. s. dollar matters to a u. s. exporter because it will cost more in terms of the other country"s dollar. Assignment notes for demand forecasting: never be the first to offer to split the difference, you will end up paying more, factors to consider for demand forecasting: Excess capacity available if not, how much equipment needed.