Question

westcott products case study

Answer 1

Wescott Products is a rapidly growing small company. At present it is facing a difficulty in meeting the customer demands. In order to deal with this problem it can improve its forecasting method. At present it uses the exponential smoothing method. It has chosen this method because the customer orders are relatively stable. But updates to the forecast have to be made every week. By using this type of forecasting it hopes to create a more stable basis for planning its future production load.

It can improve its efficiency. At present it is operating at 70% efficiency. After making improvements throughout the production process, it hopes to reduce production time and increase output.