Differentiate between short-term and long-term capacity

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Reference no: EM133751478

Question: Consider the following scenario: Your organization's forecasts from last year were wildly inaccurate, and your manager has tasked you with finding a better method of forecasting and planning for success.

You may choose from one of these types of organizations/departments:

Marketing
Financial
Human Resources
Your manager cannot decide between qualitative techniques, time series analysis and project and causal models. Research the techniques, being sure to analyze how constraints are related to production and forecasting, how capabilities function as both constraints and KPIs, and how to differentiate between short-term and long-term capacity building. Based on your findings, determine which approach best suits your organization and/or department. Provide an overview of each method, and recommend the best solution to your manager, along with the rationale for your choice.

Reference no: EM133751478

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