Which is not an area of significant difference between manufacturing and service operations? a) forecasting demand b) uniformity of input c) labor content of jobs d) customer contact e) measurement of productivity

Question

Business

Arely Park

25 May, 21:47

Which is not an area of significant difference between manufacturing and service operations? a) forecasting demand b) uniformity of input c) labor content of jobs d) customer contact e) measurement of productivity

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Answers (1)

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Byron · Answer 1

Letter a is correct. Forecasting demand.

Explanation:

The correct alternative is forecasting demand, because it is only possible to predict future demand for the manufacture of some good, according to the statistical data of the service provided, so this is an area between manufacturing and related services.

Demand forecasting is a process of finding statistical and economic data that assists in future organizational control, such as sales and cash flow planning, inventory and purchasing control, production planning and others.

By analyzing the past scenario it is possible to predict variables that will impact the future of the business, so for the forecast to be carried out effectively, some steps must be considered:

Data collection and analysis; Objective identification of the applied model; Forecasting techniques; Monitoring.

Demand forecasting technique, when well planned and executed, guarantees several strategic and competitive benefits for the company, besides being an essential instrument in the decision making process.