Forecast for Capacity, Execute Against Demand
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Forecast for Capacity, Execute Against Demand
We have already made the point that in today’s volatile business environment it is much harder to achieve high levels of forecast accuracy for individual items. Whilst managers will always be seeking better forecasts, the fact is that as uncertainty increases it gets harder to run a business on the basis of forecast demand at the stock keeping unit (SKU) level. Instead the focus has to be on how the company can move from a forecast-driven to a demand-driven mentality. Basically what this means is that ways have to be found to make it possible to react to demand within the customer’s order cycle. Thus if the customer’s expectation is for a five-day lead time from order to delivery, the goal is to be able to respond within that lead time. Whilst forecasts will always be required, the argument is that what we should be forecasting is not at the individual item level but rather for aggregate volume to enable the company to plan for the capacity and the resources that will be required to produce that volume. To enable this goal to be achieved will require a radical re-think of conventional ways of balancing supply and demand. In particular it highlights the importance of the ‘de-coupling point’ idea introduced earlier in this chapter. If it is possible to add ‘generic’ inventory at that point (which we might term ‘strategic inventory’), this will facilitate the late configuration or even manufacture of the product against a customer’s specific requirements. Thus at Zara, for example, the generic stra- tegic inventory is the un-dyed fabric. When the market requirement is known, that is when the final garment is manufactured – making use of Zara’s flexible sewing capacity provided by their network of small, independent workshops. So at Zara the forecast is for the resources and the materials, not for the final garment. In many ways Zara is an exemplar of the concept of ‘forecast for capacity, execute against demand’.
Demand management and planning
In the past ‘demand’ was often seen as a given and the business must react to it as best it could with only a less-than-accurate sales forecast to help it do so. Today the best run companies are taking a more proactive stance. They recognise that not only do the actions of the business impact demand (e.g. new product launches, sales promotions, advertising campaigns, etc.), but also that even market volatility can be coped with if the appropriate supply chain planning processes are in place. Demand management is the term that has come to be used to describe the various tools and procedures that enable a more effective balancing of supply and demand to be achieved through a deeper understanding of the causes of demand volatility. Demand planning is the translation of our understanding of what the real require- ment of the market is into a fulfilment programme, i.e. making sure that products can be made available at the right times and place. Many companies today have put in place a formalised approach to demand management and planning that is often referred to as sales and operations planning (S&OP).
Paper guildeline:
——-Read “Love and Honor in the Himalayas” this book at least six chapter and pick one topic to write a paper. (McHugh, Ernestine. 2001. Love and Honor in the Himalayas. Phila: Univ of Penn). This book can read free on online. when we shake hand i will tell u how to find this book in free.
—–Suggested Topics:
- 1. Traditional gendered roles and ideas ensure that Gurung girls and women will remain in a subordinate position
- 2. Clans and lineages are a form of social stratification that uses descent to determine who has higher or lower status.
- 3. Like class, caste is a form of social stratification and is used to determine who has greater or lesser status.
- 4. While caste still plays a major role in Gurung society, changes brought about by globalization and the involvement of state institutions means that it role in society may be declining
- 5. Anthony F. C. Wallace described religion as “belief and ritual concerned with supernatural beings, powers, and forces” (Wallace 1966). In Tebas religion is a combination of Buddhist and traditional beliefs and acts as a social regulator
—–The paper is to be on the McHugh ethnography. They are to be 4-5 pages, double-spaced, 12-pt font, and 1- inch margins. Information must be properly cited. I have no preference as to style format, but you must include works cited page. In general your works cited will contain just the McHugh entry. No extra spaces between paragraphs. The paper must be titled, and the introductory paragraph must contain an obvious thesis sentence – thesis sentence is to be highlighted. End with a short conclusion, which can be as brief as two lines. Keep in mind as you write that this is a position paper.
Forecast for Capacity, Execute Against Demand
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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