Title: Reflection: Alternative for Managing Demand, Demand Forecasting System, and Naïve System

Contents

1. Identifies and reflects on three interesting points from “Chapter 10: Managing Demand and Forecasting” of the text below. The first point is about one alternative to managing demand. The second is about the decisions a manager should factor in before designing a demand forecasting system. The third point is about naïve foresting.

Ritzman, L. P., Krajewsk, L. I., Malhotra, M. K., & Klassen, R. D. (2013). Foundations of operations management (3rd Canadian ed.). North York, ON: Pearson Canada.

2. Author creates and answers the below questions

a. Can the tracking signal exceed the control limits even if a forecasting is accurate?

b. Is the focus forecasting technique based on the notion that statistical methods are inefficient in forecasting?

c. Can MAPE be used when working with low-volume data?

Word count: 814 (2.71 pages)