Pick a Baldrige award winning company from: http://www.baldrigeusersguide.com/Resources/Resources.html prepare a one-to-two page detailed outline. In outline include information topics: 1. What forecasting techniques) company use? 2. How selected organization prepare budgets? 3. What MRP concepts regard organization?
The resources presented a comprehensive discussion on concepts and processes which an organization can adopt to achieve quality goals.
According to these resources, the first step in achieving quality goals and objectives is to understand the fundamentals of performance excellence. This means that the organization itself must decide what quality means by identifying quality performance metrics such as an acceptable percentage of error in certain processes.
This understanding will then be translated into the organization's systems and processes. One of these processes is budgeting. Organizations usually prepare budget using a top-down or down-up approach. In a top-down approach, the organization analyses its macroeconomic environment and from there create forecasts for ...
The solution examines Baldrige award forecasting techniques. How the organization prepares a budget is given.