Sales and Operations Management Demand Forecasting

Sales and Operations Management Demand Forecasting1. Engineer-to-order2. Lean manufacturing3. Manufacturing cell4. Poka-yokes5. Product-process mix6. Product-process mix7.Workstation cycle time1. Assignable variation2. Capacity index3. Conformance quality4. Decoupling points5. Defects Per Million Opportunities (DPMO)6. Diagnosis-related groups7. Earned value management8. Immediate predecessors9. Master black belts10. PDCA cycleQuestion 1From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why?Question 2Identify and Discuss (check midcourse.net for the help you need) the most significant operations and supply management approach since 1960.Question 3What are the main problems with using adaptive exponential smoothing in forecasting?Question 4Financial applications are divided into three areas. Describe each of these areas.Question 5Discuss (check midcourse.net for the help you need) the basic differences between the mean absolute deviation and the standard deviation.Question 6What are the main reasons why a large percentage of executives have negative feelings toward ERP software?Question 7Distinguish between pure and mixed strategies in production planning.Question 8How would the needs of stakeholder groups be reflected in a performance measurement system?Question 9Identify the typical processes in manufacturing firms. Discuss (check midcourse.net for the help you need) how the new product development process interacts with the traditional function in the firm.Question 10Describe the differences between functional and innovative products.Question 11List the type of stakeholders that would be considered in a payoff analysis.Question 12What motivations typically cause firms to initiate a facilities location or relation project?Question 13As a supplier, which factors about a buyer (your potential customer) would you consider important in setting up a long-term relationship?!

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