Highline Financial Services Essay

Every origination lacks to separate themselves from their competition. From oblation the forward-lookingest and latest products to offering outstanding returns. Highland financial Services Itd. Is no different from separate companies. Standing out from other organizations is critical for the companys achiever. Managing accessory Freddie Mack must use the information that he has been provided with to find if he whitethorn need to let or layoff any personnel for the coming(prenominal) class. Doing this accurately will help the company r for each wholeness their goals and insure the companies swell up being for the future. Freedie Mack will need to use moving reasonable visualize proficiency. This technique that averages a number of recent values, updated as new values become available (Stevenson, 2012 p. 84). Freedie must use the following equation. Ft=Man= n E i-t At-i/n= At-n+At-z+At-1/n. By taking amounts from each bottom in the corresponding assistance areas and di viding the values, Freedie will get the portions of growth. The example would be from year one, quarter one, service A and year two using service A quarter one (60/72=1.2% growth projection and then taking the 1.2% and multiplying this by 72). This would commit the organization an 86 in service column A for year triad, quarter one and so on for each quarter as we will see in the table below.Freedie would use this date to happen the growth or fall regarding the demand. He female genitalia use this to auspicate several years in the future using this technique. Using this technique is easy and easy to understand (Stevenson 2012, p.85). The observations from the technique are the service gain ground gradually are increasing with the average growth if 1.19% in service A, 1.15% growth in service B, and .98% in service C. Service A and B are growing at a higher pace, plot of ground service C is growing slower. To grow the service areas faster, Highland Financial Services Ltd. shoul d offer higher service standards within the current service areas in the coming living quarters and years. One option the company may want to explore is fall in acquireing to up sell the better service package to their clients. This potentially would raise sales and digest them to hire more employees. Freedie should be concerned the organization is not growing in the service area C column.All but quarter three are down, the organization must do something to improve the servicefor this quarter by looking into their operations dodging. Depending on what the companies current operations strategy is, they may want to revisit the strategy. Freedie must use up to date information on demand forecasting for the organization. One thing that they can do is use shorter succession frames versus long term forecasting due(p) to economy or other outside obstacles. Using short time frame forecasting will allow the organization flexibility if they need to adjust their forecast (Stevenson 2012, p.109).The organization should not layoff any personnel, but instead hire more staff for the business needs as they arise. trance the trend shows a raise in service over the close year, they may want to plan for the future and look more into the next few years rather than just one year. Doing this will allow them to hire an appropriate amount of people and be able to train them to be ready for the upcoming business gain and future success of the business.Table below shows the forecast for Year 3 and the four quarters within the year.ReferencesStevenson, W, J. (2012) Operations Management, 11th edition, New York, N.Y McGraw-Hill/Irwin.