MGT613 GDB Solution

Being Production/Operations Manager of Safdar Manufacturing Ltd, I help the Company in identifying the various possible sources of forecast errors are as follows

• Incorrectly identifying the relationship between variables
• Not recognizing trends in demand
• Not updating forecasting assumptions and techniques
• Projecting past trends into the future
• Reacting to random or special cause variations
• Relying on biased information sources
• Using an insufficient number of data points