Question: After reading through the case study, please post 3 different areas that would be helpful to forecast better for McDonald’s. Include the type of model and what you are forecasting. Forecasting is the key to the success of a …
What is the objective of the product decision? The main objective of the product decision is to effectively implement a product strategy after developing one. The decision is made keeping in view the importance of the status of the demands …
Product decision, product-by-value analysis and house of quality Read more »
More Quality from Work? Question 1. What use, if any, could the above ideas be in helping to solve the problem? Discussion: The above ideas can be helpful in many ways in the problem at hand. Increasing the wages can …
Video Explain the ‘how’ of the change process In the life of any organization there comes a time when it has to decide to adopt to the demands of the new world by bringing about changes in the different …
What is a tracking signal? Explain the connection between adaptive smoothing and tracking signals. A tracking signal is the measure of the quality of the forecast or how accurate are the predictions of a forecast. As larger as it gets, …
Explain the connection between adaptive smoothing and tracking signals. Read more »
Weekly sales of ten-grain bread at the local organic food market are provided in the table below. Based on these data, forecast week 9 using a five-week moving average. Week 9 forecast on a 5 Week Average= [sum (Week …
Based on these data, forecast week 9 using a five-week moving average. Read more »
A skeptical manager asks what long-range forecasts can be used for. Give her three possible uses/purposes. The three possible purposes could be: Long range forecast can help us in planning our expansions. Expansion is not something that is done overnight …
A skeptical manager asks what long-range forecasts can be used for? Read more »
The Tylenol incident is one of the success story of retaining a company’s top market position when you are facing disastrous situation when your product causes the death of our customers. Every one during 1982, when the incident happened, was …
I cannot personally point put a unique incident where I have been involved in a situation where the leader was halfhearted in an effort. But I believe it is not hard to imagine such a situation. In our personal and …
There are several reasons that I believe were the cause of the American companies left behind in adopting to the quality management principles. One reason that I think is of the utmost importance is already mentioned in the case description. …