Forecast for Capacity, Execute Against Demand
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper 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.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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