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PRESENTED TO , PROF. ALI YAR
PRESENTED BY ,
HAMAYUN SHAHZAD
ANAS REHMAN
Operation Management-
Presentation
Forecasting
 Forecasting is a process of making prediction of
future based on past and present data, commonly
analysis of trends.
Techniques of forecasting
 Quantitative forecasting
 Qualitative forecasting
Forecasting Process
 Steps in forecasting process
 Determine the purpose of forecasting
 Establish a time horizon
 Select a forecasting technique
 Data gather and analyze
 Make a forecast
 Monitor forecast
Elements of Good Forecast
 Forecast should be timely
 Forecast should be accurate
 Forecast should be reliable
 Forecast should be in written
 Forecast should be simple and understood
 Forecast should be meaningful units
Quality Management
 Quality management ensure that product is
consistent.
 Its mean not only focus on product and services
quality but also means to achieve it.
Principle of quality management
 Customer focus
 Leadership
 Engagement of people
 Approach
 Prototype technique
 Relationship management
Benefits of good quality
 Reputation of company is enhance
 Increase market shares
 Greater customer loyalty
 Few production or service problem
 Increase in profit

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Forecasting -Operation management presentation

  • 1. PRESENTED TO , PROF. ALI YAR PRESENTED BY , HAMAYUN SHAHZAD ANAS REHMAN Operation Management- Presentation
  • 2. Forecasting  Forecasting is a process of making prediction of future based on past and present data, commonly analysis of trends.
  • 3. Techniques of forecasting  Quantitative forecasting  Qualitative forecasting
  • 4. Forecasting Process  Steps in forecasting process  Determine the purpose of forecasting  Establish a time horizon  Select a forecasting technique  Data gather and analyze  Make a forecast  Monitor forecast
  • 5. Elements of Good Forecast  Forecast should be timely  Forecast should be accurate  Forecast should be reliable  Forecast should be in written  Forecast should be simple and understood  Forecast should be meaningful units
  • 6. Quality Management  Quality management ensure that product is consistent.  Its mean not only focus on product and services quality but also means to achieve it.
  • 7. Principle of quality management  Customer focus  Leadership  Engagement of people  Approach  Prototype technique  Relationship management
  • 8. Benefits of good quality  Reputation of company is enhance  Increase market shares  Greater customer loyalty  Few production or service problem  Increase in profit