Forecasting Essays (Examples)

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Arapahoe County Variance Analysis Memorandum

Words: 1516 Length: 5 Pages Document Type: Essay Paper #: 60820525

In essence, budget variances occur because spending did not take place as had been planned. Therefore, in basic terms, variance could be representative of under-spending or overspending. Both under-spending and overspending, as shall be highlighted in this text, could have diverse implications. In that regard, therefore, there is need to highlight the factors that caused under-forecasting or over-forecasting of actual figures. This is important so that future variances can be reduced by taking corrective action on the basis of information derived from the present variance analysis. This text looks into the various spending categories, as presented, and highlights the various concerns relating to overspending and overspending. Further, the text discusses the overall picture painted across all spending categories, with an aim of analyzing the department’s effectiveness as a whole in budget forecasting.
An analysis of the adopted budget vis-à-vis the actual expenditures of Arapahoe County presents several instances of under-spending,…… [Read More]

References

Shim, J.K., Siegel, J.G. & Shim, A.I. (2011). Budgeting Basics and Beyond. Hoboken, NJ: John Wiley and Sons.

Snyder, H. (2006). Small Change, Big Problems: Detecting and Preventing Financial Misconduct in Your Library. New York, NY: American Library Association


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Cultural Changes Inside Worldwide Telecommunications

Words: 1803 Length: 6 Pages Document Type: Essay Paper #: 79821866

Forecasting Effects of Cultural Changes Inside Worldwide Telecommunications

Inc: Linking Demographic and Cultural Diversity and Performance

Within today's increasingly globally-infused corporate workplaces, conventional wisdom holds that demographic and/or cultural diversity contribute positively to enhanced performance by groups, teams, or other divisions of a trans-global corporate entity, thus ultimately enhancing, by association, company products and/or services and the company itself, at home and abroad. As corporate giant Nokia's website states, for example (2005), of its own global workforce: "espect for individual qualities, as well as a willingness to work together in a constructive, positive, even enjoyable, way [,] are all essential for high-quality results." Much related research suggests, however, that while diverse employee skills and abilities in and of themselves may enhance group or team performance, demographic diversity (e.g., differences among workforce members, in terms of language; cultural; referential; or social background), may detract from it (Knight, Pearce, Smith, Olian, Sims,…… [Read More]

References

Alden, J. (1998). What in the world drives UPS? International Business, 6-7.

'Company." (2005). Nokia: connecting people. Nokia global. Retrieved October 9, 2005, from: http://www.nokia.com/nokia/0,,2889,00.html#faq1.html.

Hamilton, Barton H., Nickerson, Jackson A. And Owan, H. (May 2004) Diversity

and productivity in production teams (May 2004). Washington University, St.
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Operations Management That Are Expressed

Words: 1371 Length: 4 Pages Document Type: Essay Paper #: 37136797

Technological changes have to be factored in. Other factors (internal or external that might affect the company conditions, including external factors such as economic, political, legal environment, technology, competition, as well as markets. Internal conditions that affect operations include human resources, facilities and equipment, financial resources, customers, products and services, technology, suppliers and some other reasons. The chapter also lists other strategies including modification of the supply chain strategy, sustainability strategies that lower the impact upon the environment, etc. And global strategies that take into account the international nature of the present economy (ibid., 51).

Chapter 2 goes on in the discussion about operations strategy (narrow in scope, internal to the company), with its being distinct form organizational strategy which is broader in scope. For the operations strategy has to be linked to the organizational strategy. Unfortunately, this is often neglected by companies in favor of marketing and financial strategies.…… [Read More]

References

Bhagwat, R., & Sharma, M.K. (2007). Performance measurement of supply chain management: A

balanced scorecard approach. Computers & Industrial Engineering, 53, 43 -- 62.

Johnson & johnson. (2012). Retrieved from http://www.jnj.com/connect/about-jnj/company-history.

Stevenson, W.J. (2012). Operations management. (11th ed.) New York, NY: Irwin McGraw-Hill.
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Sales of Mid-Size Sport Utility

Words: 2528 Length: 9 Pages Document Type: Essay Paper #: 56602076

With.573 correlation of Unibody directly influencing Body-on-Frame sales in the years sampled. Table 3 provides the results of the query made in SPSS Version 13.

Table 3: SPSS Correlation Coefficients

Kendall's tau_b

BodyOnFrame

Correlation Coefficient

Sig. (2-tailed)

UnibodyCrossover

Correlation Coefficient

Sig. (2-tailed)

Spearman's rho

BodyOnFrame

Correlation Coefficient

Sig. (2-tailed)

UnibodyCrossover

Correlation Coefficient

Sig. (2-tailed)

With the statistical analysis showing reasonably strong predictability, the next step is to evaluate the specific 14-month time series for greater insights into the variability and predictability of the data. What emerges from completing a Linear egression along with every exponential smoothing techniques for curve fitting is further evidence of linear (.702 regression) in addition to quadratic (.737 regression) shows that variations in Body-on-Frame demand are explained through these statistical techniques.

Table 4: Model Summary and Parameter Estimates

Dependent Variable: BodyOnFrame

Equation

Model Summary

Square

Linear

Logarithmic

Inverse

Quadratic

Cubic

Compound

Power

Growth

Exponential

Logistic

The…… [Read More]

References

Monthly Energy Review (2006) - Posted: August 28, 2006 from the Energy Information Administration at Website: http://www.eia.doe.gov/emeu/mer/petro.html. Here is the specific data table used for the analysis:

http://tonto.eia.doe.gov/merquery/mer_data.asp?table=T09.04

Appendix a: Comparison Analysis for 14-month Analysis

COMPARING BODY on FRAME SUV vs. CROSS-OVER (UNIBODY) SUV SALES
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Inventory and Supply Chain Management

Words: 844 Length: 3 Pages Document Type: Essay Paper #: 75704422

As is shown in the case, CCBCC begins with an intensive commitment to the initial collaborative planning phases of ensuring front end alignment with their distribution channel partners. Joint business plans ensure the company has the ability to effectively plan for spikes in demand more effectively than traditional, and less flexible means allow for. The collaborative planning phase of the CPF Model is essential for ensuring a high degree of logistics coordination and collaboration has been achieved (Bonet, 2005). The collaborative forecasting process including sales forecasting, exception management and resolving expectations, all essential for making a strategic commitment to CPF function correctly, are also evidence in the CCBCC implementation (Ireland, 2005). Finally the steps of creating and fine-tuning order forecasts, defining identifying exceptions and resolving exceptions to drive orders are also evidence in how CCBCC creates demand management workflows with the applications installed. It is very important to realize that…… [Read More]

References

Barratt, M., & Oliveira, a. (2001). Exploring the experiences of collaborative planning initiatives. International Journal of Physical Distribution & Logistics Management, 31(4), 266-289.

Bonet, D. (2005). A new approach for understanding hindrances to collaborative practices in the logistics channel.International Journal of Retail & Distribution Management, 33(8), 583-596.

Crampton-Thomas, P. (2006). Enabling profitable growth through demand driven supply networks. Supply Chain Europe, 15(2), 18-21. R

Ireland, R. (2005). Abc of collaborative planning forecasting and replenishment. The Journal of Business Forecasting,24(2), 3-4+.
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Apples Make vs Buy Decision

Words: 949 Length: 3 Pages Document Type: Essay Paper #: 68295485

Apple

Recruiting

There are a number of different ways that Apple can recruit the talent it needs to design chips in-house. The first is through acquisition. The article notes that Apple has bought a small chip maker in order to acquire some talent and patents. This approach is often good because the talent is already in place, and the team is already familiar with the technology. There is still the need to get that team up to speed with Apple norms, but acquisition is often the fastest route to talent and technology acquisition. A second method would be making inquiries via the company's existing talent pool. Tech people often know other tech people, with whom they have worked over the years. People in this business will have worked at multiple companies and their contacts could prove valuable for Apple in trying to find the chip-design talent that it needs. The…… [Read More]

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Operations and Quality Management Research

Words: 1886 Length: 5 Pages Document Type: Essay Paper #: 51234628

To reduce inventory management costs and errors, enterprise must form a strong, galvanizing connection with suppliers, buyers, internal production, and customers most of all. In conclusion, inventory management will always be part art and science, as tacit & implicit knowledge is needed to provide greater insight into the analysis generated fro enterprise software applications specifically designed to streamline inventory management. The inherent unquantifiable aspects of demand management will also make inventory management a continually difficult, complex problem enterprises must confront daily to stay profitable and grow.

eferences

Forecasting and Demand eferences

Leung, S. (2003, Oct 01). Where's the beef? A glutted market leaves food chains hungry for sites; finding spots for new outlets takes heaps of research and an eye for details; hint: Move next to Wal-Mart. Wall Street Journal, pp. a.1-a.1.

http://bpp.wharton.upenn.edu/waldfogj/250/clippings/externalities/WSJ%2010-1-2003%20Hint-%20Move%20Next%20to%20Wal-Mart.pdf

Meng, F., Tepanon, Y., & Uysal, M. (2008). Measuring tourist satisfaction by attribute and motivation: The case…… [Read More]

References/KurawarwalaMatsuo1996.pdf

Mathaba, S., Dlodlo, N., Smith, a., & Adigun, M. (2011). The use of RFID and web 2.0 technologies to improve inventory management in south african enterprises. Electronic Journal of Information Systems Evaluation, 14(2), 228-241. Link:

 http://researchspace.csir.co.za/dspace/bitstream/10204/5518/1/Mathaba1_2011.pdf 

Wang, H., & Yan, H. (2009). Inventory management for customers with alternative lead times. Production and Operations Management, 18(6), 705-720.

Link:  http://cfins.au.tsinghua.edu.cn/personalhg/wanghaifeng/FlexibleLeadTimeContract.pdf
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Financial Markets Institutions and Transactions

Words: 1581 Length: 5 Pages Document Type: Essay Paper #: 29051605

While this strategy is effective in some situations, the use of bond markets by an investor requires the development of an effective strategy that will help him/her to achieve a specific financial objective. For an investor seeking to maximize the profit-generating aspects of bonds, the most effective strategy is a passive buy-and-hold bond strategy. As the name suggests, it involves buying individual bonds and holding them until maturity. The effectiveness of this strategy in achieving the stated financial objective is that it lessens or eliminates transaction costs and lessens risks linked to income changes from embedded options.

Conclusion:

Financial markets and institutions play a crucial role in the growth and stability of America's economy as well as global economies. These markets and institutions are characterized with various financial transactions and different types of markets. However, the ability of economic growth and stability is dependent on the effectiveness of the regulatory…… [Read More]

References:

"Capital Market Transactions." (2013, July 5). Finance Maps of World. Retrieved July 27, 2013,

from  http://finance.mapsofworld.com/capital-market/transactions.html 

"Centennial Monetary Commission" (n.d.). Kevin Brady's Centennial Monetary Commission Act

(H.R.1176). Retrieved from U.S. House of Representatives website: http://kevinbrady.house.gov/uploads/CMC_HR1176_Summary.pdf
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Market Potential and Forecast Analysis

Words: 996 Length: 4 Pages Document Type: Essay Paper #: 37804965

The assumptions of industry structure and pricing are based on the market shares of the leading competitors in the motorcycle market including Harley-Davidson with 65% and Honda with 12.9%. There are over 40 different manufacturers of motorcycles globally who comprise the remaining 22% of the worldwide market (Murphy, 2008). Gaining distribution for a new motorcycle model will be challenging given the concentration level of competitors in the market. As motorcycles are considered discretionary purchases, they are influenced by the consumer sentiment index, the level of per capita disposable income, the downstream demand for motorcycle dealership and repair, and the available time consumers have for using them (Diamond, 2008). All of these factors are taken into account in the factoring of both the baseline motorcycle industry forecast and the hybrid motorcycle forecast as well.

Sales and Unit Forecasts

Using exponential smoothing and an average sale price of $9,100, the forecast for…… [Read More]

References

Diamond, D.. (2008). Managing Incentives for Green Vehicles. Public Manager, 37(4), 15-18.

Lapide, L.. (2009). History of Demand-Driven Forecasting. The Journal of Business Forecasting, 28(2), 18-19.

Patrick Mahoney. (2007, March). Taking the roar out of the crowd: HYBRID MOTORCYCLES. Machine Design, 79(5), 98-100.

Murphy, R., Graber, M., & Stewart, a.. (2010). Green Marketing: A Study of the Impact of Green Marketing on Consumer Behavior in a Period of Recession. The Business Review, Cambridge, 16(1), 134-140.
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Decisions Based on Demand and

Words: 438 Length: 2 Pages Document Type: Essay Paper #: 26376530

The second factor is the independent variable being evaluated. The coefficient for determination of the population of the area is 46%. This correlation indicates that there is a high correlation between time and population. However, the correlation is this case is negative, as can be seen in the chart below.

The correlation coefficient for the overall amount spent on building and development of the community is 15%. The correlation between time and amount spent is not very close. In fact, the development appears to be highly sporadic at best. Below is a chart that represents the obtained data.

Considering the two overall factors, and the forecasting done, the population will continue to decline, as will the money spent in the community. This community is suffering financially and is not likely to spend their money on luxuries such as dining out. With this conclusion it is inadvisable that a Domino's restaurant…… [Read More]

Sources Used

United States Census Bureau. State & County Quick Facts: Clarksdale, Mississippi. Accessed October 27, 2012 at http://quickfacts.census.gov/qfd/states/28/2813820.html

United States Census Bureau. Selected Economic Characteristics: Clarksdale, Mississippi. Accessed October 27, 2012 at http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=bkmk

CLR Search. Clarksdale Demographics Summary. Accessed October 27, 2012 at http://www.clrsearch.com/Clarksdale_Demographics/MS/
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Accounting Tricks and Their Impact on Valuation

Words: 925 Length: 4 Pages Document Type: Essay Paper #: 90863963

forecasting, there are a litany ethical dilemmas, decisions characteristics, problems, or frameworks that may impact the financial statements of Home Depot and Lowe's. The most egregious of which is management assumptions regarding future performance. In many instances, with the exception of cash, nearly every line item has some form of assumptions involved. Accounts receivable is often reported net of the allowance for doubtful accounts, which is a management assumption (Alexander, 2005). Management has the ability to dictate if the company will report inventory using LIFO of FIFO accounting rules. With LIFO, assuming rising prices in an inflationary environment, Cost of Goods Sold will increase thus reducing Net Income. However, the reduction in taxes paid will actually make the company's cash flow from operations increase on the cash flow statement. FIFO will have the opposite impact. From a shareholder perspective reporting under LIFO would be more to the shareholders advantage as…… [Read More]

References:

1) Alexander, D., Britton, A., Jorissen, A., "International Financial Reporting and Analysis," Second Edition, 2005, ISBN 978-1-84480-201-2

2) Astrid Ayala and Giancarlo Ibarguen: "A Market Proposal for Auditing the Financial Statements of Public Companies" (Journal of Management of Value, Universidad Francisco Marroquin, March 2006) p. 41

3) Berezin, M. (2005). "Emotions and the Economy" in Smelser, N.J. and R. Swedberg (eds.) The Handbook of Economic Sociology, Second Edition. Princeton University Press: Princeton, NJ

4) Gilchrist, Warren (1976). Statistical Forecasting. London: John Wiley & Sons. ISBN 0-471-99403-0
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Management and Decision Sciences From

Words: 25680 Length: 90 Pages Document Type: Essay Paper #: 55501983

76). As automation increasingly assumes the more mundane and routine aspects of work of all types, Drucker was visionary in his assessment of how decisions would be made in the years to come. "In the future," said Drucker, "it was possible that all employment would be managerial in nature, and we would then have progressed from a society of labor to a society of management" (Witzel, p. 76). The first tasks of the manager, then, are to coordinate an organization's resources and provide a viable framework in which they can be used to produce goods and services effectively and efficiently. The second set of tasks concern guidance and control. In Drucker's view, this role is almost entirely proactive: "Economic forces set limits to what a manager can do. They create opportunities for management's action. But they do not by themselves dictate what a business is or what it does" (Drucker,…… [Read More]

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Supply Chain Management at World

Words: 2156 Length: 7 Pages Document Type: Essay Paper #: 87452944

The Japanese retail industry has intricate processes that keep demand management and inventory and production management efficient as a hybrid process that mixes automation and manual work. Given how many of the processes in the Japanese retail industry are comprised of manual and automated approaches to coordinating and communicating, it would take years for an outsider to understand how these specific processes interrelate to each other. Another factor that would significantly limit the potential of a non-apparel chain to replicate World's supply chain is the intensive coordination it allows production workers have, including their ability to create higher levels of process innovation vs. more traditional assembly line workers. Another factor is the intricate demand forecasting and aggregate demand practices World relies on. The specific approaches to forecasting for the Untitled line is also highly specific to Japanese retailing, and could not be easily imitated by outsiders, as this process builds…… [Read More]

References

Chang Hwan Lee, Byong-Duk Rhee. "Optimal Guaranteed Profit Margins for Both Vendors and Retailers in the Fashion Apparel Industry. " Journal of Retailing 84.3 (2008): 325-333. ABI/INFORM Global. ProQuest. 15 Sep. 2008

Donald Sull, Stefano Turconi. "Fast fashion lessons. " Business Strategy Review 19.2 (2008): 4-11. ABI/INFORM Global. ProQuest.
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Data Warehouse a Strategic Weapon of an Organization

Words: 10375 Length: 38 Pages Document Type: Essay Paper #: 99774450

Data Warehousing: A Strategic Weapon of an Organization.

Within Chapter One, an introduction to the study will be provided. Initially, the overall aims of the research proposal will be discussed. This will be followed by a presentation of the overall objectives of the study will be delineated. After this, the significance of the research will be discussed, including a justification and rationale for the investigation.

The aims of the study are to further establish the degree to which data warehousing has been used by organizations in achieving greater competitive advantage within the industries and markets in which they operate. In a recent report in the Harvard Business eview (2003), it was suggested that companies faced with the harsh realities of the current economy want to have a better sense of how they are performing. With growing volumes of data available and increased efforts to transform that data into meaningful knowledge…… [Read More]

References

Agosta, L. (2003). Ask the Expert. Harvard Business Review, 81(6), 1.

Database: Business Source Premier.

Babcock, Charles (1995). Slice, dice & deliver. Computerworld, 29, 46, 129 -132.

Beitler, S.S., & Lean, R. (1997). Sears' EPIC Transformation: Converting from Mainframe Legacy Systems to Online Analytical Processing (OLAP). Journal of Data Warehousing (2:2), 5-16.
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Management a Forecast Is Defined

Words: 600 Length: 2 Pages Document Type: Essay Paper #: 9760947

Additionally, the explanatory forecasting technique entails surveying current market activities to explain how and why trends are happening rather than just foreseeing the expected.

Qualitative approach of forecasting

This approach of forecasting tries to employ actual information for identifying qualitative or actual market trends to a specified role or position in the market. This approach of forecasting entails looking for non-numerical data. For example, if we want to know whether a new product will be successful, we are required to review customer surveys undertaken to establish their opinions towards the company or product. Additionally, the qualitative approach of forecasting is not efficient because it is not an actual method. Typically, this approach is mostly utilized when there is a rich portfolio of data on the desired area.

Quantitative technique of Forecasting

Quantitative approach of forecasting is based on the application of numbers including sales numbers, the amount of existing or…… [Read More]

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Operations Management Wal-Mart Runs a

Words: 1182 Length: 4 Pages Document Type: Essay Paper #: 45929447

al-Mart uses this technique extensively, since not only does it help to guarantee that its suppliers will be able to meet al-Mart's demand, but al-Mart wants to help its suppliers manage their supply chains better. If a supply managers its own supply chain more efficiently, it can supply the good to al-Mart at a lower price.

3. al-Mart's forecasting techniques have impacted its master schedules and production plans. The company is linked with its suppliers, such that al-Mart essentially dictates their production schedule on the basis of al-Mart's forecasted demand. al-Mart's demands for cost reductions impact capacity planning and workforce management at its suppliers. The more information that al-Mart gathers, the better it performs at inventory management.

al-Mart prepares its budgets with thorough use of forecasting techniques. It uses time series data to analyze long-term sales expectations. This is linked throughout its supply chain, such that suppliers are guided by…… [Read More]

Works Cited:

Wal-Mart 2009 Annual Report

Chase, Jacobs & Aquilano. Operations Management for Competitive Advantage. Chapter 13
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Budget Application

Words: 2511 Length: 9 Pages Document Type: Essay Paper #: 90964918

Control function, may it be management or accounting, plays the same key role. It is, in many ways, a two-way process. First of all, a top-bottom control flow, where the upper management or higher authorities oversee a certain process, but it is also a bottom-top process, as is the case when the feedback and follow-up actions come from the lower levels.

In the case of the expenditure process, the top-down circuit is, first of all, characterized by the budget restrictions that are imposed on the upper management levels of the company. In this sense, the top management defines a certain amount of money that can be spend and notifies accordingly the lower levels within the company. All acquisitions are thus limited by the expenditure levels fixed in the budget.

In many ways, the control function tends to be associated with management accounting. As we know, one of the most important…… [Read More]

Bibliography

1.http://www.iei.ul.ie/images/doument_images/Stg2/AC2902_intro.htm#Unit%203

2. Bookkeeping and Accounting. On the Internet at http://www.onlinewbc.gov/docs/finance/bkpg_acct.html#4000

On the Internet at http://www.iei.ul.ie/images/doument_images/Stg2/AC2902_intro.htm#Unit%203

Bookkeeping and Accounting. On the Internet at http://www.onlinewbc.gov/docs/finance/bkpg_acct.html#4000
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Operations Management a Microbrewery in Colorado Is

Words: 2078 Length: 8 Pages Document Type: Essay Paper #: 48159267

Operations Management

A microbrewery in Colorado is growing rapidly. There is a long lead time for the purchase of new equipment, so management must make a demand forecast for the next couple of years in order to ensure that it has the capacity it needs to continue expansion. There are constraints, however, in particular with respect to access to key inputs. This casts uncertainty on the demand forecasts, such that simple extrapolation of current growth rates is going to be insufficient. A decision tree is used to help with the demand forecasting, taking into account different scenarios with respect to the growth patterns and the growth constraints.

This paper is based on a real world situation. The situation at hand is that of a small microbrewery, operating in Colorado. The microbrewery is five years old and has expanded annually since its inception. The brewery produces five beers regularly, and these…… [Read More]

References:

Morgan, J. (2013) Alaskan Brewing discontinues pale ale due to hop shortage. Craft Brewing Busines. Retrieved July 24, 2013 from  http://www.craftbrewingbusiness.com/ingredients-supplies/alaskan-brewing-discontinues-pale-ale-due-to-hop-shortage/ 

Welch, D. (2007). Hops shortage likely to boost price of beer. NPR. Retrieved July 24, 2013 from http://www.npr.org/templates/story/story.php?storyId=16245024

Brewers Association. (2013). Craft brewing facts. Brewers Association. Retrieved July 24, 2013 from http://www.brewersassociation.org/pages/business-tools/craft-brewing-statistics/facts
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Case Study Supply Chain Whirl

Words: 5412 Length: 14 Pages Document Type: Essay Paper #: 37552867

Whirlpool

Whirl Pool Supply Chain Management

Supply Chain Management

Critical appraisal of Whirlpool's Supply Chain Management

Company Overview

Products and Services

Critical review of Operations

Contribution to business performance

System Changes

Changes in Internal Forecasting Process

usiness Performance Results

Criteria for trade Partner Fit

Competitive advantage

Critical Evaluation of System

Customer Centric-Supply Chain Management System

Collaborative Supply Chain

Whirlpool's production

Current System Changes

Planning and sourcing decisions

Planning

Sourcing

Drawbacks of Whirlpool delivery system

Inventory

Delivery

Factors for taking supply chain management decision

Figure: Supply Chain Performance factors

Gap Analysis

Strategic partnership

Integration

Reduced Cost and Inventory

Future trends in home appliances supply chain management

RFID usage

RFIDs to Individual Products

Vendor Managed Inventories

Challenges for home appliances businesses in managing supply chain

Complex features

Multiple Channels Conflicts

Short life Cycles

Conclusion

ibliography

Executive summary

Whirlpool is renowned as a global electronic appliances manufacturer and marketer. The company's products and…… [Read More]

Bibliography:

Basu, R. & Wright, J.N. 2008, Supply Chain Management, Elsevier, USA.

Chang, S.J. 2011, Sony vs. Samsung: The Inside Story of the Electronics Giants' Battle For Global Supremacy, Wiley, USA.

Coyle, J.J, Langley, C.J., Gibson, B & Novack, RA 2008, Supply chain management: a logistics perspective, South-Western Pub, USA.

Ding, S, Guariglia, A, & Knight, J. 2012, Investment and financing constraints in China: does working capital management make a difference, Journal of Banking & Finance.
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Simulation Market Research Simulation the

Words: 798 Length: 2 Pages Document Type: Essay Paper #: 58907081

Ultimately the use of multiple forecasting techniques serves to increase the knowledge of a market and minimize market entry risk.

How would you forecast sales force size in a specialized industry, for example, aircraft?

As the demand for aircraft is defined by a select set of customers who have highly specialized information needs, defining the sales force size for aircraft would be easily accomplished by looking at the average sales cycles in this specific industry (which happen to be quite long) combined with the project management skills necessary to ensure a design win. A design win is the event where the aircraft is designed into the broader program of an airline, or in the case of military aircraft, purchased by a branch of the Department of Defense. Taking the average length of sales cycles and the total population of potential customers for the specific aircraft, calculating the size of the…… [Read More]

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HR Apple Based on the Information Given

Words: 1195 Length: 4 Pages Document Type: Essay Paper #: 67861200

HR Apple

ased on the information given but in your own words, explain what approaches to recruiting might be best suited for Apple's talent acquisition.

efore any problem can be solved, it is important to gather all the resources available in order to best apply any given plan or idea. Understanding what resources are available to the human resources department at Apple Inc. will no doubt serve as a foundation of success if this step is accomplished thoroughly. The resource-based view of human resource management appears to be the best approach in this particular instance. Leadership has made it clear to the human resources department in this case that maintaining competitive advantage will be accomplished by in-sourcing more of the microchip technology and other technological processes within building Apple products. It is up to the human resource managers to now determine what resources can best be applied to this overall…… [Read More]

Bibliography

Brenner, L. (2011). "Innovating HR: Lessons from Apple." Recruiting Trends, July 2011. Retrieved from http://www.recruitingtrends.com/innovating-hr-lessons-from-apple

Priem, R. & Butler, J. (2001)."Is the resource-based view a useful perspective for strategic management research?" Academy of Management Review, Vol 26. 1, 22-40. Retrieved from http://pcbfaculty.ou.edu/classfiles/MGT%206293%20Strategic%20Management_PD/We ek%204%20Competitive%20Advantage%20RBV/priem%20butler%2001%20amr%20rb v%20critique%20is%20rbv%20useful%20for%20sm.pdf

Linkenin. "HR at Apple." Profiles of Human Management Resources website. Retrieved from http://www.linkedin.com/title/hr/at-apple/