Case study: XYZ Bottling (Pty) Ltd is a bottling plant in Cape Town Central. They source 100% recycled glass bottles from local manufactures, fill them with no name branded cola drink and distribute them across South Africa. XYZ Bottling (Pty) Ltd employees 250 employees, including receptionist, admin clerks, supply chain managers, accounts managers and supervisors. In 2017, XYZ Bottling (Pty) Ltd imported a series of state‐of‐the‐art bottling equipment’s and control software to increase their productivity and efficiency.   Question below:   Doing things better is one of the functions of Operations Management. With the use of examples, discuss the other five functions of operations management in a company such as XYZ Bottling (Pty) Ltd.

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Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.