Operation Mangement (forcasting) Research Paper

Operation Mangement (forcasting) - Research Paper ExampleDue to the item that many managers are forever and a day eager to match the supply of commodities with their demands, it is therefore very important for them to enter on the amount of space required for the supply to the demands. Chapter three explains several(prenominal) methods of forecasting that helps managers to make next predictions for the purpose of improving the operations of the company. In this context, we are going to focus on six issues that intromit managing, finance, strategy, operations statistics and data.Under the topic of operation management, I chose two articles that relates to the main topic. These articles are the Competing analytics that belong to the Harvard commercial enterprise review and Supply Chain Management review. Both articles are very interesting to prove as they try to share some common features though some are different. The articles also tender the clients with basic business inf ormation in relation to operation management. The competing analytics reflects on various subtopics such as strategies and quantitative forecasts, exemplars of analytics, the analytics and financial performance and finally, the distinctive capability. The article of Supply and Chain Management has the following subtopics the option of articles, the inter-rater reliability and review process, the classification framework and the strategy used, research methods and statistics, result and the data, industry sector, definitional issues, framing of SMC and correction bases. Since there are two main forecasting methods the qualitative and quantitative forecasting method, this paper principally reflects on the qualitative forecasting method. This method consists of human judgment, subjective, opinions and it is non mathematical. At the end, the similarities and differences between the two articles, lessons learnt and conclusion. Harvard Business surveil The main goal that Harvard Busin ess Review intends to achieve is to be the best source of ideas that are very new in the market to enable different personalities to lead, create, lead and transform businesses. Judgmental forecasting method that involves the sales-force opinions, executive opinions and consumer survey was used. The HBR was founded in the year 1992 and has managed to become the worlds preeminent magazine in terms of management, publishing cutting-edge and authoritative thinking on important issues that face the executives. The HBR articles cover several topics that are relevant to different industries, geographical locations and management functions. All the HBR articles focus on areas such as management, finance, operations, strategy, negotiation, leadership and organizational change. This enables the HBR articles to relate to the operation management (forecasting) that also deals with management, operations and organizational change. In asset to that, the articles share common characteristics suc h that all of them are written for senior managers. The writing is done by the experts who have experience in the field of writing and their work has already been studied and analyzed. The ideas that are presented in the article can be put in to action due to the fact that they have already been tested in the business world and have successfully worked. When evaluating a given idea from the article, the editors always focus on the things that might