Explain briefly the limitations of planning. Two paragraphs only.
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Explain briefly the limitations of planning.
Two paragraphs only.
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- tions Management Spring21 Time left 0:30:19 Qui The sales of XYZcompany for the previous three periods are 45, 42, and 43 respectively. Estimate the sales of the fourth period by exponential smoothing with 0.5. Use naïve as a starting/initial forecast (Round to 2 decimals) O a. 42.8 O b. 41 Mar O C. None is correct 12- O d. 43.25 O e. 41.92 S PAGE NEXT PAGE Finish TOSHIBA F11 F17 F9 F10 F6 F7 F8 F5 F3 F4 60 AHChapter 14 1. How would you conduct a trend analysis? Provide an example. 2. Explain the three different source of information and forecast assumptions. Chapter 15 3. Explain the four common uses of comparisons that the manager will find helpful. Chapter 16 4. Explain the importance of assumptions when building a budget? Chapter 17 5. Explain the rationale for replacing existing equipment with new equipment.1. Explain clearly the differences between forecasting and budgeting. 2. Define the following terms: i. Single-loop feedback. ii. Double-loop Feedback.
- Distinguish between Planning and Forecasting. Answer must briefly.43. A retail store manager is staffing for the holiday season and plans to provide employees with additional hours without hiring additional workers. Which factor in human capital planning would be important in this scenario? A.Projected interest rates B.Competitor forecasts C.Expected industry growth D.Availability of employees1.in your own opinion,why benchmarking is a better planning tool? 2.how are you going to make your forecast more effective?give a concrete example. 3.How benchmarking can be used by the owner/manager of fast -food chain?explain your answer.
- What factors make forecasting at Deckers particularly challenging? Howcan forecasts be made for seasonal, fashionable products for whichthere is no history file? What are the costs of over-forecasting demandfor such items? Under-forecasting?11. Strategic planning is beneficial because the organization can ⦁ establish long-term goals that extend 5-10 years into the future.⦁ establish short-term goals that extend one year into the future.⦁ establish goals for next month.⦁ execute directives from the board of directorshow to turn this weaknesses below into strength to a company? Not very good at product demand forecasting leading to higher rate of missed opportunities compare to its competitors. One of the reason why the day’s inventory is high compare to its competitors is that PepsiCo is not very good at demand forecasting thus end up keeping higher inventory both in-house and in channel. Financial planning is not done properly and efficiently. The current asset ratio and liquid asset ratios suggest that the company can use the cash more efficiently than what it is doing at present. The profitability ratio and Net Contribution % of PepsiCo are below the industry average. Investment in Research and Development is below the fastest growing players in the industry. Even though PepsiCo is spending above the industry average on Research and Development, it has not been able to compete with the leading players in the industry in terms of innovation. It has come across as a mature firm looking forward…
- 9-The approach that uses the organization's current level of employment as the starting point for determining future staffing needs is called the use of predictor variables. Delphi technique. bottom-up approach. zero- base forecasting.Interpret the MAD of the most accurate among the forecasting models below. A. Naïve approach;B. 5-month SMA model;C. WMA model with weights 0.1, 0.3, and 0.6; orD. ES model with α = 0.5 and a forecast of 3,500 liters in the first month.Explain the term Forcasting. Why forcasting are Forecasting is one of the important functions of management. It is a part and parcel of planning function. Forecasting means prediction about future. Forecasting means analysis of future about the operations of an enterprise. It involves looking ahead for future event. Forecasting means a process of providing the details supported by budget. Forecasting means drawing a conclusion about production, sales, profit on the basis of research, study & survey.