Overview
Instructions:
**Submit a minimum 5-page typed paper (not including the cover page or reference page)
**Please denote each task in the paper as you answer the questions. Example:
o Task 1: Answer o Task 2 : Answer o Task 3: Answer
**Please make sure to submit complete descriptions/answers for each task. One sentence submissions will not be accepted, I am looking for an understanding of each topic (task) not a definition.
• Task 1: Explain in detail how forecasting is used in business.
• Make sure to address how plans are created based on demand. • How forecasting affects inventory • Independent and dependent demands and how they are calculated based on forecasting. • Quantitative forecasting • Qualitative forecasting
• Task 2: • Explain in detail Competitive Advantage • Explain what is expected of an Operations Manager using competitive advantage • Explain cost in an organization • Explain the four things companies compete on: COST, QUALITY, SPEED AND FLEXIBILITY
• Task 3: • Decide on a business that you want to own. Describe the competitive priorities for that business. • List Each task and how it will be identified by the customer(s) • Explain (step by step) how you will let the customer and the employees know about this priority