Forecasting approaches to logistics within the supply chain

Assignment Help Operation Management
Reference no: EM131200052

Identify changes in forecasting methodologies and approaches (for practices such as contracting, advanced payments, outsourcing to fix a price, continuous and fixed budgeting, simulations, or regression analysis) that have been influenced by current economic conditions.

Has the current economic environment changed your organization's forecasting approaches to logistics within the supply chain?

If so: Describe at least one new approach that is a specific result of the changes in the current economic environment. How is this change unique to these times? Will these changes help to maintain your organization's competitive edge?

If not: Would you recommend the implementation of new forecasting approaches? In what ways might a continuation of past techniques and approaches be dysfunctional? Briefly describe one specific new approach you would recommend.

Reference no: EM131200052

Questions Cloud

Identify two medium to large-sized cities law enforcement : Identify two medium to large-sized cities' law enforcement agencies within the United States. Write a three to five page paper comparing two organizational design structures relating to the law enforcement organizations.
Preferred method to improve the capacity of any process : Which is the preferred method to improve the capacity of any process?
What is an anti-aliasing filter : Suggest a suitable cutoff frequency for an anti-aliasing filter to be used in this application.
Assumption of ceteris paribus : If we operate under the assumption of ceteris paribus, what is the best linear representation of the demand faced by the firm [please provide the equation for the demand in terms of Q = a+bP].
Forecasting approaches to logistics within the supply chain : Identify changes in forecasting methodologies and approaches (for practices such as contracting, advanced payments, outsourcing to fix a price, continuous and fixed budgeting, simulations, or regression analysis) that have been influenced by current ..
Do you think these trends benefit consumers or not and why : How do new technologies increasingly enable businesses to collect and use vast amounts of personal data about their customers and potential customers? Explain. Do you think these trends benefit consumers or not, and why?
Determining the global economic growth : Suppose that global economic growth is expected to slow in the next few quarters, explain the impact on the relevant market and determine what will happen to the equilibrium price and quantity in that market.
Describe the purpose and operation of each dynamic system : For each system, give a suitable value for the operating bandwidth, control bandwidth, operating frequency range of the sensor, and sampling rate for the sensor signal for feedback control. Clearly justify the values that you have given.
What is the theoretical minimum number of workstations : The following table details the tasks required for Indiana-based Frank Pianki Industries to manufacture a fully portable industrial vacuum cleaner. The times in the table are in minutes. Demand forecasts indicate a need to operate with a cycle time o..

Reviews

Write a Review

 

Operation Management Questions & Answers

  Explain certain organization or environment

Can I be "boss," and stay "boss," and be perceived as a "good boss" while still resisting other people's attempts to get me to do what they want, which is not what I want?

  Project change control in an agile project environment

Should the project manager be in charge of project change control in an agile project environment? Who should be in charge of project change control for a traditional project? Why?

  What should be done to improve planning

Should major management plans provide for "worst case scenario" to assist development of ethics?

  Administrative cost are allocated between branded production

Administrative costs are allocated between branded production and private-label production according to their respective percentages of total revenue generated

  Wanted you to do something against your initial inclination

If you had a manager who wanted you to do something against your initial inclination, which of IBM's elements would work best on you? Why?

  Illustrate what you are seeking to accomplish proposal

illustrate what you are seeking to accomplish should come across in proposal narrative in such a way that funder can see your vision. Illustrate what are some ways you can convey such passion.

  Develop strategies to mitigate those risks

Supply managers may be able to provide information to identify risks to the organization and they can develop strategies to mitigate those risks. Terms such as purchasing, procurement, supply, supply chain and logistics do not have standard definitio..

  What is the company wacc

Lannister Manufacturing has a target debt-equity ratio of .50. Its cost of equity is 13 percent, and its cost of debt is 7 percent. If the tax rate is 40 percent, what is the company's WACC?

  Assignment quality dimensions and criteria

The Overall Project Deliverables, as initially prepared in your outline from activity 2, are to be updated for the Signature Assignment Document. Begin by updating previously completed sections based on course instructor feedback. Complete the New..

  Important aspects of managing risk for a project

One of the most important aspects of managing risk for a project is to accurately define the size of the project. Determine the criteria that must be considered to perform the project sizing and create one additional factor with rationale.

  Describe briefly clearly succinctly

Business Idea – describe briefly clearly succinctly. Use influencing points from the Text for and Executive Summary style description of the business /business idea/ product idea/ service idea.

  In the eyes of advocates of corporate social responsibility

In the eyes of advocates of corporate social responsibility, the case for CSR is overwhelming. The four stances that an organization can take concerning its obligations to society fall along a continuum ranging from the lowest to the highest degree o..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd