Answered>Order 13281

Module 2: Discussion Forum: I know this is short notice but I am stumped, any help will be appreciated. 

 I chose Samsung Company for this discussion but any global company is fine. 300 words minimum.

For this discussion forum, address each of the following items to construct your initial commentary:

1. Select an organization that operates on a global scale and describe something related to it that would need to be forecasted routinely in order to effectively and successfully manage operations in that organization, like sales, weather, human resources requirements, and fuel consumption, for example.
2. Discuss each of the “Seven Steps in the Forecasting System” (Heizer, Render, & Munson, 2017, pp. 110-111) specifically as they pertain to the organization and data you selected that would need to be forecasted to effectively and successfully manage operations.
3. Supported by the readings or your research, suggest one ethical or legal issue that could be involved in this forecasting situation (as you ponder what to discuss for this item, the following considerations may be helpful: 1) issues related to obtaining, collecting, and using data, 2) contractual commitments to suppliers or customers that may be made as a result of the forecast, 3) insurance contracts that may or may not be entered into as a result of the forecast, and 4) hiring or firing of employees that may result from the forecast).
4. The Seven Steps in Forecasting are:

   1.       Determine the use of the forecast:

   2.       Select items to be forecasted:

   3.       Determine the time horizon of the forecast:

   4.       Select the forecasting model:

   5.       Gather the data needed to make the forecast:

   6.       Make the forecast:

   7.       Validate and implement results:

Incorporate scholarly references and citation support into your discussion. Be sure to respond to the postings of at least two of your peers.