Omar has heard from some of his customers

Assignment Help Operation Management
Reference no: EM13913009

Omar has heard from some of his customers that they will probably cut back on order sizes in the next quarter. The company he works for has been reducing its sales force due to falling demand and he worries that he could be next if his sales begin to fall off. Believing that he may be able to convince his customers not to cut back on orders, he turns in an optimistic forecast of his next quarter sales to his manager. What are the pros and cons of doing that?

Reference no: EM13913009

Questions Cloud

An electrical contractor records during the last : An electrical contractor records during the last five weeks indicate the number of job requests Predict the number of requests for week 6 using each of these methods:
Plot the monthly data on a sheet of graph paper : Plot the monthly data on a sheet of graph paper Forecast September sales volume using each of the following:
A commercial bakery has recorded sales : A commercial bakery has recorded sales (in dozens) for three products, as shown below What should the use of sales data instead of demand imply?
Give three examples of unethical conduct involving : Give three examples of unethical conduct involving forecasting and the ethical principle each violates.
Omar has heard from some of his customers : Omar has heard from some of his customers that they will probably cut back on order sizes in the next quarter. The company he works for has been reducing its sales force due to falling demand and he worries that he could be next if his sales begin..
Discuss how you would manage a poor forecast. : Discuss how you would manage a poor forecast.
When a new business is started : When a new business is started, or a patent idea needs funding, venture capitalists or investment bankers will want to see a business plan that includes forecast information related to a profit and loss statement. What type of forecasting information..
What are the conditions that would have : It has been said that forecasting using exponential smoothing is like driving a car by looking in the rearview mirror. What are the conditions that would have to exist for driving a car that are analogous to the assumptions made when using exponen..
Explain the trade off between responsiveness and stability : Explain the trade off between responsiveness and stability in a forecasting system that uses time series data

Reviews

Write a Review

Operation Management Questions & Answers

  Elucidate how quickly it can be fixed once it does fail

Which two of the quality dimensions' abilities are indicated by Elucidate how long a product performs before failure also elucidate how quickly it can be fixed once it does fail.

  Relationship between the individual and the organization

As increasing complexity emphasizes the interdependent relationship between the individual and the organization, the OD practitioner will need to develop _____ among organizational elements.

  Discuss what leadership to promote social responsibility

Discuss what leadership does to promote social responsibility and how this ties to ethics and the organizational culture of the company.

  Define three strongest leadership traits or characteristics

This writing assignments calls for you to research the life of Lee Iacocca and discern what you think are Lee's three strongest leadership traits or characteristics, along with identifying at least one leadership trait that his critics disliked ab..

  Analyze and explain the supply chain of the new division

Analyze and explain the supply chain of the new division of the existing business. Share your plans to develop and leverage core competencies and resources within the supply chain in an effort to make a positive impact on the business model and th..

  Linear program and determine the weekly production schedule

Hawaii sugar company produces brown sugar, white sugar, powdered sugar and molasses from sugar cane syrup. the company purchases 4000 tons of syrup weekly and is contracted to deliver at least 25 tons weekly of each type of sugar.

  Describe how you intend to ensure the organization''s vision

Describe how you intend to ensure the organization's vision, mission, people strategies and value statements are aligned with the proposed strategic plan.

  Pros and cons of mrpii systems

Your understanding of the pros and cons of MRPII systems, citing at least two Web sources. How could any new system be better than an MRPII system?

  Several risk mitigation strategies

How does sensitivity analysis relate to contingency planning? What are several risk mitigation strategies that you could implement to desensitize these variables?

  Explain interface of financial policy and strategic

explain Interface of Financial Policy and Strategic Management?

  Quality function development is tool for

Correctly complete the following statement. Quality Function development is a tool for

  What was the intended effect versus the actual effect

What was the intended effect versus the actual effect of the message? Was a shared reality constructed? If not, what needed to change?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd