The text spoke of stocking the inventory of these

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You provided all really good examples of mass customization. The text spoke ofstocking the inventory of these products being economically prohibitive, andthen I had this image of warehouses full of customized M&Ms sitting around awarehouse waiting for someone to order thousands of M&Ms with the name“Jana” printed on it. The inventory would get old and not be sold in a timelyJana McLendon
2/21/2016Collection – MBA675­T303 Operations & Logistics in the (...;15/34(Post is Read)fashion. Regular M&Ms are mass­produced and do not have to sit aroundwaiting for someone to order them. The postponement occurs when the M&Msare initially produced and then wait for an individual to order the name “Jana”to be printed on them. It’s amazing to think of all of the different ways thatsupply chains and operations must be evaluated and managed for companies tobe successful.JanaThread:Question 16 ­ NewillPost:RE: Question 16 ­ NewillAuthor:Posted Date:December 14, 2015 10:17 PMStatus:Published(Post is Read)Jana,Yes the m&m's are mass produced in many colors and names would have toprinted on later.LinLinda NewillThread:Dempsey ­ Question 25Post:Dempsey ­ Question 25Author:Posted Date:December 12, 2015 1:05 PMStatus:Published 25. Explain why the very basic forecasting methods such as the moving average, weighted moving average, and exponential smoothing are not well suited for data series that have trends. Also, why are these methods not well suited to forecast beyond the next period. Forecasting is a prediction of future events. If a product has consistent trends then it may be easier to predict the future volumes. If this is the case then one should not use the methods such as the moving average, weighted average and exponential smoothing. These methods are best used when trends are not readily apparent. The reason for this is because these methods are used when there are no trends and one cannot anticipate what they future may require. The moving average method takes the three previous months actuals and William Dempsey
2/21/2016 Collection – MBA675­T303 Operations & Logistics in the (... ; 16/34 (Post is Read) averages them to forecast the next month only. The weighted moving average uses the same previous three months but applies a weighted factor to each of the three months (for example .5 time month ­1 + .3 times month ­2 + .2 times month ­3) to forecast the next month forecast. Lastly, the exponential smoothing takes the last 3 months and applies a multiplier to determine a more average forecast for the next month.

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