Top 10 Dumbest Things You Can Do
in Operations Management
10. Forecast with a simple average of demand.
9. Ignore seasonal adjustment in forecasting
seasonal data.
8. Forecast more than one step ahead with a
straight-line trend.
7. Order every inventory item with the same
frequency.
6. Use arbitrary ordering/holding costs in the
EOQ model.
5. Apply the EOQ to dependent demand.
4. Monitor or evaluate product/service quality
without a control chart.
3. Schedule service operations with arrival rate
equal to service rate.
2. Schedule a project without the critical-path
method.
1. Crash a task that is not on the critical path.