Discuss similarities and differences in house capacity plan approach versus an outsourced capacity plan approach and what are the strengths and weaknesses of each approach? If you were to advise your company on which approach to take what would you advise and why?

How do you feel about using qualitative versus quantitative demand forecasts? What are the advantages and disadvantages qualitative forecasts? From a quantitative approach, what are the advantages and disadvantages of a time series demand forecast approach? What types of variables do you need to consider and understand in determining the accuracy of a time series demand forecast and why?