Discuss each of the “Seven Steps in the Forecasting System”
For this discussion forum, address each of the following items to construct your initial commentary response:
- Select an organization that operates on a global scale and describe something related to it that would need to be forecasted routinely to effectively and successfully manage Operations in that organization, like sales, weather, manpower requirements, and fuel consumption.
- Discuss each of the “Seven Steps in the Forecasting System” (Heizer, Render, & Munson, 2017, pp. 110-111) specifically as they pertain to the organization you selected and the data you selected that would need to be forecasted to effectively and successfully manage Operations.
- Supported by the readings or your research, suggest one ethical or legal issue that could be involved in this forecasting situation (as you ponder what to discuss for this item, the following considerations may be helpful:
- issues related to obtaining, collecting, and using data,
- contractual commitments to suppliers or customers that may be made as a result of the forecast,
- insurance contracts that may or may not be entered into as a result of the forecast, and
- hiring or firing of employees that may result from the forecast.
A substantive initial post addresses all the key topic elements using approximately 200-300 words. Incorporate into your discussion commentary at least three recent scholarly references and citation support according to proper
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