Assignment: Forecasting and Inventory Management Paper
Forecasting is a realistic application of the scientific method towards future business requirements. This can be accomplished with both qualitative and quantitative methods. Inventory Management also connects to forecasting and is a key element of success within the supply chain and operations management professional areas of business.
Forecasting and Inventory Management support operations management efforts. However, you need to explore and evaluate these concepts more closely demonstrating knowledge of these real world business concepts.
Directions
In this Assignment, you will compose and informative essa y in a minimum of 3-full pages in which you specifically address the parts listed below. Make sure to include separate title and references pages, use standard paragraph structure, double spacing, 12-point Times New Roman font, and follow all other APA 6th edition formatting and citation guidelines. Conduct research from credibl e peer-reviewed sources, the Library, and your textbook to support your responses.
Forecasting
Select a part of forecasting to evaluate based upon your prior reading in the eBook. Conduct online research to support your writing with credible sources. In particular, demonstrate your knowledge of how forecasting supports operations management efforts. S elect one method of forecasting as presented in the eBook that you find potentially useful in your own career. Evaluate how you would apply it in a real-world business setting.
Inventory Management
Select a part of inventory management to evaluate based upon your prior reading in the eBook. Conduct online research to support your writing with credible sources. In particular, demonstrate your knowledge of how inventory management supports operations management efforts. Select one method of inventory management as presented in the eBook that you find potentially useful in your own career. Evaluate how you would apply it in a real -world business setting.
Also, close your paper with the following observations from your research:
The importance of forecasting and inventory management within the context of operations management. Make sure you evaluate the purpose of forecasting and inventory management within operations management, as you close your paper, with skilled professional reflection and commentary.
Ensure each topic is covered to appropriate breadth and depth demonstrating knowledge of the course concept.
SCM Standard Requirements
• This Assignment should be a separate MS W ord document, preferably in the most current .docx file format.
• In addition to the APA 6th edition style title page and reference page; ensure your paper covers the assigned topics, with a focus on quality. The following items provide additional guidance as to writing expectations.
• Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your paper should be highly organized, logical, and focused.
• It must be written in Standard English; demonstrating exceptional content, organization, style, grammar, and mechanics.
• Your paper should provide a clearly established sustained viewpoint and purpose.
• Your writing should be well ordered, logical, and unified; as well as original and insightful.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.