Assignment Content This assignment is intended to help you learn how to apply forecasting and demand models as part of a business operations plan. Choose 3 quantitative elements that you would like to research in relation to the organization that you selected for your business plan. These elements may be related to products, services, target market, consumer preferences, competition, personnel, resources, supply chain, financing, advertising, or other areas of interest. However, at least one of these elements should be related to a product or service that your organization is planning to offer. Develop forecasts by implementing the following approach: Collect data, including old demand forecast (subjective data) and the actual demand outcomes. Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality. Forecast future demand using a forecasting method. Make decisions based on step 3. Measure the forecast error where applicable. Look for biases and improve the process.

Required Chapter 1 in Operations Management: Sustainability and Supply Chain Management Jha, R. K., Sahay, B. S., & Charan, P. (2016). Healthcare operations management: A structured literature review. Decision, 43(3), 259-279. doi: 10.1007/s40622-016-0132-6  Zhao, S. (2014). Analyzing and evaluating critically Tesco's current operations management.Journal of Management and Sustainability, 4(4), 184-187. doi:10.5539/jms.v4n4p184 Retrieved from http://www.ccsenet.org/journal/index.php/jms/article/view/42713 Operations Management Overview Select one of the key concepts from below for your Discussion  response for this week. Be sure to identify the name of the  organization. If organization’s name needs to stay anonymous, please  check with the instructor ahead of time regarding how to approach that. Discuss different types of operations management and project  management activities that occur at the organization of your choice. Provide examples of single-factor and multifactor productivity measures. Provide two examples of operations management activities at an  organization you considered and its inputs and outputs, productivity  measures, and classify whether it is a goods or services producing  organization.