You provided all really good examples of mass

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You provided all really good examples of mass customization. The text spoke of stocking the inventory of these products being economically prohibitive, and then I had this image of warehouses full of customized M&Ms sitting around a warehouse 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 timely Jana McLendon
2/21/2016 Collection – MBA675­T303 Operations & Logistics in the (... (Post is Read) fashion. Regular M&Ms are mass­produced and do not have to sit around waiting for someone to order them. The postponement occurs when the M&Ms are 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 that supply chains and operations must be evaluated and managed for companies to be successful. Jana Thread: Question 16 ­ Newill Post: RE: Question 16 ­ Newill Author: Posted Date: December 14, 2015 10:17 PM Status: Published (Post is Read) Jana, Yes the m&m's are mass produced in many colors and names would have to printed on later. Lin Linda Newill Thread: Dempsey ­ Question 25 Post: Dempsey ­ Question 25 Author: Posted Date: December 12, 2015 1:05 PM Status: 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. 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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