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cycle are the time factors that operations strategy looks into.
Flexibility - Flexibility is the ability to provide a wide variety of
products, and it measures how fast the manufacturer can convert its process
line used for one product to produce another product after making the
required changes.
4. Market survey method of forecasting:
Conducting surveys among the prospective buyers or users is a very old
method of forecasting. Here, a questionnaire is prepared and circulated
among the people and their responses are obtained. The responses are
collated and analysed to reveal possible clues towards acceptance or
otherwise about a new product or service. Based on the overall decision, the
forecasting is done. This method is typically done for new products or at
new places where a product is to be launched. In this method, the number of
respondents and how responses are gathered like through oral interviews,
personal talks, internet based, postal ballots, etc, have to be established
before survey. The common limitations are the sample size and the way of
drawing the sample like random, convenient, or judgmental. Sample bias is
not completely ruled out.
process; the data collected should be set in a logical order, making the
logical data model complete in all respects.
The following steps should be considered for setting the data in a logical
order.
1. Check whether the participants in the process that is, people, teams, and
electronic applications are sufficient or, any changes and additions need to
be made.
2. Ensure that all the data expected is included or not. Generally, we start
with an initial set of data which we have. When we check them with the
requirements of the process for the desired outcomes, we find gaps. These
gaps help us in determining which subset of the data is appropriate at each
task in the process.
3. Check whether the data is sufficient for the implementation of the process.
This can be achieved by answering the following questions:
i. What is the path the process should take?
ii. What decisions are to be made at any point in the process?
iii. Are data available at those points?
4. State the rules used to define the various parts of the process. At this
stage, the naming conventions are also included. This is important to be
included at the process definition stage.
5. Determine the disposition of data at the end of the process and decide the
following:
a. Do we plan to keep the data or delete them?
b. If they are to be stored, where and in what form will be used?
c. What are the measures of security for access?
6. Determine the other elements depending upon the business process and
the need. The elements added must be questioned to collect a detail data.
Process definition enables us to go into details at every stage of the process
and verify the adequacy of data, the sequential steps in the process and fill
the gaps before attempting implementation.
The purpose of setting the data in a logical order is to, locate deficiencies
and remove them. Therefore, the decisions about process and sequence can
be taken and a model can be designed which is useful in all perspectives.
Ingredients of a business process:
The ingredients that might be used in a business process can be briefly
outlined as follows:
After sales service There are so many reasons why products do not