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After reviewing the forecasting demonstration and looking over the slides, complete the following case activity and transfer your answers to the appropriate questions in the Canvas activity quiz. You have been hired as a demand planning intern for Hawaiian Island Creations (HIC). They want you to de- velop a forecast for their HIC Papanui style of sun- glasses. The goal is to determine how many pair they will produce to meet retailer demand in July 2021. During your first meeting, you were handed some data to work with and the product team talked about the company's upcoming promotional blitz to support Summer Break '21 in major vacation destinations. Month Forecast Demand January 2021 4,000 3,300 February 2021 4.200 3,900 March 2021 4 500 4,300 April 2021 4.800 4,200 May 2021 5,000 5.400

After reviewing the forecasting demonstration and looking over the slides, complete the following case activity and transfer your answers to the appropriate questions in the Canvas activity quiz. You have been hired as a demand planning intern for Hawaiian Island Creations (HIC). They want you to de- velop a forecast for their HIC Papanui style of sun- glasses. The goal is to determine how many pair they will produce to meet retailer demand in July 2021. During your first meeting, you were handed some data to work with and the product team talked about the company's upcoming promotional blitz to support Summer Break '21 in major vacation destinations. Month Forecast Demand January 2021 4,000 3,300 February 2021 4.200 3,900 March 2021 4 500 4,300 April 2021 4.800 4,200 May 2021 5,000 5.400

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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worksheet Word June 2021 5,300 5,800 Other useful information about the company: Internal production capacity = 4,500 units per month Historical forecasting error = ± 300 units per month Evaluate the capacity of HIC's internal production capacity to serve demand. Calculate capacity utilization for April 2021 0.93 or 93% Based on HIC's available resources, do they have enough internal production capacity to serve demand in June 2021? Yes Calculate the demand forecast for July 2021 using the methods listed below. Work with the data provided in the table on the previous page. Three-Month Simple Moving Average 5,033 4:11 PM 79°F Sunny 9/3/2021
Transcribed Image Text:worksheet Word June 2021 5,300 5,800 Other useful information about the company: Internal production capacity = 4,500 units per month Historical forecasting error = ± 300 units per month Evaluate the capacity of HIC's internal production capacity to serve demand. Calculate capacity utilization for April 2021 0.93 or 93% Based on HIC's available resources, do they have enough internal production capacity to serve demand in June 2021? Yes Calculate the demand forecast for July 2021 using the methods listed below. Work with the data provided in the table on the previous page. Three-Month Simple Moving Average 5,033 4:11 PM 79°F Sunny 9/3/2021
Tools View Week 3 Bonus Activity- DEMAND FORECASTING CASE STUDY After reviewing the forecasting demonstration and looking over the slides, complete the following case activity and transfer your answers to the appropriate questions in the Canvas activity quiz. You have been hired as a demand planning intern for Hawaiian Island Creations (HIC). They want you to de- velop a forecast for their HIC Papanui style of sun- glasses. The goal is to determine how many pair they will produce to meet retailer demand in July 2021. During your first meeting, you were handed some data to work with and the product team talked about the company's upcoming promotional blitz to support Summer Break '21 in major vacation destinations. Month Forecast Demand January 2021 4.000 3,300 February 2021 4,200 3,900 March 2021 4,500 4,300 April 2021 4.800 4,200 May 2021 5 000 5.400 of 4 P Type here to search 立
Transcribed Image Text:Tools View Week 3 Bonus Activity- DEMAND FORECASTING CASE STUDY After reviewing the forecasting demonstration and looking over the slides, complete the following case activity and transfer your answers to the appropriate questions in the Canvas activity quiz. You have been hired as a demand planning intern for Hawaiian Island Creations (HIC). They want you to de- velop a forecast for their HIC Papanui style of sun- glasses. The goal is to determine how many pair they will produce to meet retailer demand in July 2021. During your first meeting, you were handed some data to work with and the product team talked about the company's upcoming promotional blitz to support Summer Break '21 in major vacation destinations. Month Forecast Demand January 2021 4.000 3,300 February 2021 4,200 3,900 March 2021 4,500 4,300 April 2021 4.800 4,200 May 2021 5 000 5.400 of 4 P Type here to search 立
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