I’m working on a management discussion question and need support to help me study.
- CO4: Examine methods for measuring forecast performance
- CO5: Investigate forecast performance utilizing spreadsheet techniques
In addition to reading your assigned resources for week 1, research each of the three topics regarding the organization you currently work for, or previously worked for:
- From the viewpoint of your organization, discuss the concept of demand as it applies to your organization.
- Next, choose a resource or activity that is forecast in your organization and address why achieving results significantly different than the forecast can be a potential problem for your organization.
- How does (or should) your organization measure forecast accuracy? What would you do differently to improve forecast accuracy in your organization.