Explain Qualitative technique forcasting and give an example of how it is used in the manufacturing, retail, and health care industries.
What significance of forecasting error for the Qualitative technique and its impact.© BrainMass Inc. brainmass.com October 16, 2018, 5:57 pm ad1c9bdddf
Capacity Planning is extremely important in today's fast and dynamic business environment where more and more companies are focusing on improving total customer satisfaction. A sound capacity planning ensures that production is carried on per predetermined schedule and is effectively meeting the demands from the customers of the organization. A properly designed capacity planning allows a company to meet customer's demand in extreme and tight situations such as extremely high demand in some particular season. It also helps to eliminate the risks arising due to uncertainities in demand and supply due to changes in external environment. Capacity planning minimized wastages and removes inefficiencies, thereby decreasing the cost of production. All these factors ensure that products manufactured throughout the year meet highest standards in quality, schedule ...
Describe the impact of capacity planning on the ability of the production system to perform and satisfy customers.
Marketing Plan: Phase II Paper
Based on my product,
(which is a portable hard-drive for Apple. My product will have wireless capability, various screen sizes, and memory capacities. Music, movies can be downloaded from iTunes whether indoors or on-the-go, comes with a battery pack and AC adapter, and can be attached to an auxiliary channel in a vehicle)
a) Describe the attributes or service of my product in detail;
b) Describe the pace at which your product will move through the product life cycle;
c) factors that will impact the movement or;
d) how will the product life cycle impact the marketing of my product;
e) Identify the positioning and differentiation strategies for my product and;
f) Identify the appropriate price strategy that should be used for my product.