Your challenge in this assignment is to develop a capacity analysis in which you apply the principles of capacity management and illustrate the impact of forecasting on the implementation of those principles, based on the following scenario:
Your employer has tasked you with researching the company’s capacity management to determine how well they are doing at forecasting growth trends to meet consumer demand. Since your findings will be presented in a practical format to enlighten the thinking of your board of directors, you may forego the formality of case analysis in favor of a document that provides clear, accurate, and actionable responses to the questions listed below.
In addition to this week’s readings, you may also use popular sources to amplify the points you wish to emphasize in your discussion with your colleagues. If, during your writing, you discover additional areas of importance that are not triggered by these questions, feel free to include them in your paper.
- Identify three business components (within the broad categories of people, process/facility, or technology) that can present problems. Define steps that your startup team might take to avoid problems when your service or product is launched.
- Determine the value of an accurate forecast in terms of its influence on the quality of service delivery and/or potential growth for your company. In what ways would an accurate forecast influence business decisions at your company?
- Examine the demographics of your customers. What target-market demographics will enhance the success of your company?
- How might your company know when to stop growing? How might your company determine a practical limit to economies of scale? What metrics should be monitored to determine if your company is growing or if it has plateaued?
Note: If it is unfeasible to use your current employer for this assignment, you may choose another company.
5-7 pages (excluding the cover sheet, title page, and references) covering each of the topics and explaining how you will accurately forecast to meet capacity needsMBA-5140 V3: Operations Management
Include a minimum of five scholarly resources within the last 5 years on capacity management, forecasting, and startup planning. The majority should be from peer-reviewed journals.
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic.