Mock 2 debrief - Question 2
Taught by Robert Cook · AI tutor support included
You’ll learn how to apply time series analysis to budgeting and use a limiting factor analysis to improve production decisions in this Mock 2 debrief for CIMA. The first subtask explains trend, seasonal variation, four-quarter moving averages and how to create more meaningful budgets, forecasts and variance analysis.
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In this lesson
- 0:00 Mock Two Question Two Overview
- 1:38 Time Series Analysis And Seasonality
- 3:25 Calculating Trend And Seasonal Variation
- 5:43 Improving Budgets And Forecasts
- 7:10 Time Series Analysis Limitations
- 13:07 Introducing Sewing Hours As Constraint
- 14:23 Calculating The Production Shortfall
- 15:49 Ranking Products By Contribution
- 17:01 Building The Optimal Production Plan
- 18:33 Evaluating Overtime And Alternatives
About this lesson
You’ll then work through the sewing hours constraint for the Explorer tent range, ranking products by contribution per limiting factor hour and building the optimum production plan. The debrief also considers practical options such as overtime, subcontracting and temporary staff, alongside key limitations and exam points for Core Activities B and E.
Duration: 23m
Transcript
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