the company about decoration and paint

the picture below are the required for the repoert (3"3.1,3.2 (forecasting in the company ) ) ( 4 -product and service design ) only these are the required to write .

this is example for the forecasting but for another company .

this example for product and service design

. . 10 . FORECASTING IN THE COMPANY 3.1 Forecast techniques Forecasting in the company explained. (2 Marks) Data on demand in last 5 years provided and correctly used in calculations (I Mark) Calculations are correct and result is provided in units (not in % nor in currency) (2 Marks) 3.2 Forecast analysis Correct conclusion stated regarding the capacity and justified. (2 Marks) Analysis of overcapacity or lower capacity than demand include cost, price and competitiveness (3 Marks) PRODUCT AND SERVICE DESIGN Design process of the company explained using sources of ideas and reasons for design. (2 marks) Legal and ethical considerations applied on product/service selected in chapter 1. (Mark) Evaluation of sustainable considerations (Life Cycle Analysis, End of Life Cycle Analysis and 3R) for selected product in chapter 1 provided. (2 Marks) . 5 . . 3. FORECASTING Forecasting is critical to the success of a company since it aids management in establishing long-term objectives and increases overall productivity. To begin, several forecasting methodologies use qualitative and quantitative techniques. Qualitative measures are based on the subjective judgments of customers about the quality of a product or service. As far as quantitative forecasting concerned, the previous data may be utilized to predict the future. Naive forecasting is often used for the time series data, and provides standards as well as comparisons for more sophisticated models, and also the best cost-effective forecasting method. An economic forecasting strategy that uses a causal-econometric approach in order to understand and identify variables that might influence the forecasted variable. In the absence of previous data or in the face of new and unusual market situations, a judgement technique is used. By looking at Starbucks' sales and revenue last year, Starbucks' management may create objectives for the future that are based on that data. Artificial Intelligence and Predictive Analytics are used by Starbucks. This forecasting approach is used by firms including Adore me, Baskin Robbins, and BAP. The short-range forecasting time horizon is generally shorter than 3 months, whereas the medium-range forecasting time horizon is between 3 months and 3 years. Sales and production planning, as well as the most basic budgeting, tend to be the emphasis of these forecasts, for example, Carrefour. Long-term when it's longer than three years. Planned R&D initiatives or large-scale building projects that may be modified over time are ideal for using low-accuracy models, a n example is the Chunnel. By looking at Starbucks' sales and revenue last year, Starbucks' management may create objectives for the future that are based on that data. 4. PRODUCT AND SERVICE DESIGN The management offers a variety of coffees in a variety of sizes or glasses to meet the demands of workers. Starbucks is rethinking its packaging and making strenuous efforts to make it more ecologically friendly. The management is developing coffee with the assistance of suitable research and development. Starbucks' design methodology is well- defined in terms of a worldwide creative process. There are two primary routes through the process: the mainline, which is used for regular projects, and the express, which is used for smaller projects that do not need fresh creative work, such as reprints of current content. The primary process starts at the idea level, where concepts are produced, presented, and accepted. Accepted ideas advance to the second phase of process, when the design is detailed implemented, final approvals are gained, and prepress production begins. Express projects may begin here or continue in the subsequent phase, a production area. The finished work is officially approved on by the project's owner at this last step, and interaction with printers, package designers, and also other resources for production are maintained. The product is packaged in plastic cups due to the fact that management must serve about 600 billion clients. The management must alter the product to mitigate the detrimental effect of plastics on society. The administration should develop environmentally friendly biodegradable mugs. Additionally, create cups that might help mitigate future difficulties. Since 1985, Starbucks had offered a 10% discount to the customers who bring in its own cup. If you're searching for a new favorite reusable cup, Starbucks' seasonal collection includes a new selection of reusable drinkware (MORILLO, 2021). Additionally, Starbucks said in July 2018 that it will wipe out plastic straws in all of its more than 30,000 locations globally by 2021. The new straw-less, ultralight cold beverage cover will start rolling out to retailers in the coming months (Starbucks Coffee Company, 2018). . . 10 . FORECASTING IN THE COMPANY 3.1 Forecast techniques Forecasting in the company explained. (2 Marks) Data on demand in last 5 years provided and correctly used in calculations (I Mark) Calculations are correct and result is provided in units (not in % nor in currency) (2 Marks) 3.2 Forecast analysis Correct conclusion stated regarding the capacity and justified. (2 Marks) Analysis of overcapacity or lower capacity than demand include cost, price and competitiveness (3 Marks) PRODUCT AND SERVICE DESIGN Design process of the company explained using sources of ideas and reasons for design. (2 marks) Legal and ethical considerations applied on product/service selected in chapter 1. (Mark) Evaluation of sustainable considerations (Life Cycle Analysis, End of Life Cycle Analysis and 3R) for selected product in chapter 1 provided. (2 Marks) . 5 . . 3. FORECASTING Forecasting is critical to the success of a company since it aids management in establishing long-term objectives and increases overall productivity. To begin, several forecasting methodologies use qualitative and quantitative techniques. Qualitative measures are based on the subjective judgments of customers about the quality of a product or service. As far as quantitative forecasting concerned, the previous data may be utilized to predict the future. Naive forecasting is often used for the time series data, and provides standards as well as comparisons for more sophisticated models, and also the best cost-effective forecasting method. An economic forecasting strategy that uses a causal-econometric approach in order to understand and identify variables that might influence the forecasted variable. In the absence of previous data or in the face of new and unusual market situations, a judgement technique is used. By looking at Starbucks' sales and revenue last year, Starbucks' management may create objectives for the future that are based on that data. Artificial Intelligence and Predictive Analytics are used by Starbucks. This forecasting approach is used by firms including Adore me, Baskin Robbins, and BAP. The short-range forecasting time horizon is generally shorter than 3 months, whereas the medium-range forecasting time horizon is between 3 months and 3 years. Sales and production planning, as well as the most basic budgeting, tend to be the emphasis of these forecasts, for example, Carrefour. Long-term when it's longer than three years. Planned R&D initiatives or large-scale building projects that may be modified over time are ideal for using low-accuracy models, a n example is the Chunnel. By looking at Starbucks' sales and revenue last year, Starbucks' management may create objectives for the future that are based on that data. 4. PRODUCT AND SERVICE DESIGN The management offers a variety of coffees in a variety of sizes or glasses to meet the demands of workers. Starbucks is rethinking its packaging and making strenuous efforts to make it more ecologically friendly. The management is developing coffee with the assistance of suitable research and development. Starbucks' design methodology is well- defined in terms of a worldwide creative process. There are two primary routes through the process: the mainline, which is used for regular projects, and the express, which is used for smaller projects that do not need fresh creative work, such as reprints of current content. The primary process starts at the idea level, where concepts are produced, presented, and accepted. Accepted ideas advance to the second phase of process, when the design is detailed implemented, final approvals are gained, and prepress production begins. Express projects may begin here or continue in the subsequent phase, a production area. The finished work is officially approved on by the project's owner at this last step, and interaction with printers, package designers, and also other resources for production are maintained. The product is packaged in plastic cups due to the fact that management must serve about 600 billion clients. The management must alter the product to mitigate the detrimental effect of plastics on society. The administration should develop environmentally friendly biodegradable mugs. Additionally, create cups that might help mitigate future difficulties. Since 1985, Starbucks had offered a 10% discount to the customers who bring in its own cup. If you're searching for a new favorite reusable cup, Starbucks' seasonal collection includes a new selection of reusable drinkware (MORILLO, 2021). Additionally, Starbucks said in July 2018 that it will wipe out plastic straws in all of its more than 30,000 locations globally by 2021. The new straw-less, ultralight cold beverage cover will start rolling out to retailers in the coming months (Starbucks Coffee Company, 2018)