Assignment:
Complete each of the following steps to construct your initial discussion post for this week:
1. Select an organization that operates on a global scale. Describe something related to it that would need to be forecasted routinely in order to effectively and successfully manage operations in that organization, such as sales, weather, manpower requirements, or fuel consumption.
2. Discuss each of the "Seven Steps in the Forecasting System" specifically as it pertains to: (1) the organization you selected, and (2) the data you selected that would need to be forecasted in order to effectively and successfully manage operations.
3. Suggest one ethical or legal issue that could be involved in this forecasting situation. As you ponder what to discuss for this item, the following considerations may be helpful: (a) issues related to obtaining, collecting, and using data; (2) contractual commitments to suppliers or customers that may be made as a result of the forecast; (3) insurance contracts that may or may not be entered into as a result of the forecast; and (4) hiring or firing of employees that may result from the forecast