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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:Published25. Explain why the very basic forecasting methods such as the moving average,weighted moving average, and exponential smoothing are not well suited fordata series that have trends. Also, why are these methods not well suited toforecast beyond the next period.Forecasting is a prediction of future events. If a product has consistent trendsthen it may be easier to predict the future volumes. If this is the case then oneshould not use the methods such as the moving average, weighted average andexponential smoothing. These methods are best used when trends are notreadily apparent. The reason for this is because these methods are used whenthere are no trends and one cannot anticipate what they future may require.The moving average method takes the three previous months actuals andWilliam Dempsey
2/21/2016Collection – MBA675T303 Operations & Logistics in the (...;16/34(Post is Read)averages them to forecast the next month only. The weighted moving averageuses the same previous three months but applies a weighted factor to each ofthe three months (for example .5 time month 1 + .3 times month 2 + .2 timesmonth 3) to forecast the next month forecast. Lastly, the exponential smoothingtakes the last 3 months and applies a multiplier to determine a more averageforecast for the next month.