Select an organization that you are familiar with and critically evaluate the following:

 
 

Area of Operations 1. Forecasting 2. Product or Service design 3. Inventory Management Specific focus area 1.1 Provide an overview of how forecasting is done in the organization. 1.2 Describe the forecasting techniques used? 1.3 Calculate the accuracy of previous forecasts. 1.4 Identify the effect of the forecast on capacity and human resources. 2.1 Give an overview of the products or services the organization offers. 2.2 Identify where in the life cycle the existing product or service is. 2.3 What new products or services can the organization introduce? 3.1 Identify inventory items and construct an ABC analysis. 3.2 Analyse the costs of inventory in the organization.