Forecasting demand for a product

 

You read about forecasting demand for a product in Chapter 3. Now, based on the Unit 2 Looking Ahead ASG
scenario regarding auto-warming gloves, do some research on this product using the Internet to determine
what the market might be. You can search by product and then choose a location on the tab at the top of the
page in statista.com.
Determine the total market demand for the gloves per the scenario.
What areas of the U.S., Canada, and Europe would you target first for your initial marketing efforts to promote
sales of these gloves?
Explain.

Sample Solution

Operational management makes the business more efficient for the organization to meet the objectives. The leader and manager should focuses on aligning operations with the business objective of the organization. The operation management handles the personal management, training the employees and their performance in the management. The operation management involves inventory control which determines how effectively the inventory managed, flows through the system to command and direct the employees in the system. The quality control assures the organization how the Vodafone telecommunication network meets the expectation of customers. Supply chain management process from start to finish of the system detailing how the services and products are received by the customers. The supply chain management also includes the implementation of the technology and their strategy to the staffs in the process for the growth and development of the Vodafone telecommunication network.

P5 Discussing the value and importance of operation management to achieve business objectives of Vodafone

Operation management is important for Vodafone leader and manager to achieve the business objective of the company.

Followings are the business objectives of the Vodafone:

➢ Providing world class digital service to every place of the Vodafone network.
➢ Connecting with more people around the world with best quality of telecommunication service.
➢ Best telecommunication and digital services to every customer of Vodafone.
➢ Delivering simple and delightful experience through new age technologies.
➢ Be the most valued company and leader in telecommunication networks.
➢ Delivering sustainable growth, while adhering to the highest standard of g

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