Compaq Corporation, The intention of this project is to demonstrate the function of production planning in a non- artificial environment

        The intention of this project is to demonstrate the function of production planning in a non - artificial environment. Through this simulation we are able to forecast, with a degree of certainty the monthly requirements for end products, subassemblies, parts and raw materials. We are supplied with information that we are to base our decisions on. The manufacturer depicted in this simulation was actually a General Electric facility that produced black and white television sets …

…Forecasts are vital to every business organization and for every significant management decision. Afterthought                  I feel that I could have further reduced costs by reducing some of the parts, sub assemblies and outsourcing some of the production. Another situation that I felt was unrealistic was that there was only one source for each part and when that part was unvailable, there was a stock out. Perhaps in future projects there can be allowance for this.