Order ID:89JHGSJE83839 | Style: APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Application Assignment for the Operations Plan
Application Assignment for the Operations Plan
Content of the Assignment
This project is designed to teach you how to use forecasting and demand models in a business operations strategy.
Choose three quantitative elements to investigate in relation to the organization you’ve chosen for your business strategy. These factors could be connected to products, services, target markets, consumer preferences, competition, personnel, resources, supply chains, financing, advertising, or other topics. At least one of these characteristics, however, should be tied to a product or service that your company intends to sell.
Implement the following strategy to create forecasts:
Collect information, such as previous demand forecasts (subjective data) and actual demand outcomes.
Choose a forecasting approach (from readings). Determine the appropriate balance of subjective and objective data, as well as patterns and seasonality.
Using a forecasting strategy, forecast future demand.
Make decisions based on the third step.
If applicable, calculate the forecast error. Look for and eliminate biases in the process.
Write a 525- to 700-word paper assessing the findings from the above-mentioned data points and explaining how they affect operational decision-making. In your paper, include graphics and supporting data from Excel and other programs. Use sources to back up your claims. Following APA criteria, format your citations. Please turn in your assignment.
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Application Assignment for the Operations Plan |