Saunder’s Bakery of Pancakes uses a weighted moving average…

Saunder’s Bakery of Pancakes uses a weighted moving average method to forecast pancake sales. It assigns a weight of 5 to the previous month’s demand, 3 to demand two months ago, and 1 to demand three months ago. If sales amounted to 3000 pancakes in May, 2200 pancakes in June, and 1000 pancakes in July, what should be the forecast for August?

Processes always have clients, whether external, outside the…

Processes always have clients, whether external, outside the firm, or internal, usually comprising company employees. The Total Quality Management concept stresses the role of external clients but doesn’t take internal clients into account (unlike in the Quality Management concept where internal clients are considered).