A Good Framework for Examining the POM Function Is the 5Ps

Forecasts
To enable the Operations manager to make good decisions, there is a need for long term forecasts (more than 5 years) and short-term sales forecasts (12 moths)
Long -term market forecast - is usually outside the purview of the Operations. The forecast of carried out by Marketing staff and backed by economic, political, social and technological data. The forecast may take the form of a statement of anticipated output in volume and monetary form. It is from this forecast that the organization must contemplate capital expenditures such as erecting new buildings to support increased volumes or changing out equipment owing to obsolescence of current technologies.
Short-term sales forecast - is the basis from which much of the transformation activity stems. It is a prediction covering the next budget period (usually 12 months) of:
-Products/services to be sold (detailed breakdown)
-The prices which the market can bear
-Quantity, quality and reliability expectations of each product
-Required delivery dates
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