Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions. Since the future is unknown, it is expected that some errors between a forecast and actual demand will exist, so the goal of a good forecasting technique would be to minimize the difference between the forecast and the actual demand. Articulate the difference in short and long-term forecasts, forecasting techniques, and the benefits and challenges of each technique. Finally, create a forecast for a situation with which you are familiar (personal or professional) explaining the situation and why you chose the method of forecasting that you did.

Direction:

1- APA STYLE

2- 4-6 PARAGRAPHS

3- 2-3 REFERENCES AND DON’T FORGET TO CITE INSIDE THE TEXT.

The Answer must follow the outline points below:

1. Executive summary (no more than one page)

– Summarize what is logistics performance priorities, what Logistics and Supply Chain Management concepts/tools have been applied to achieve the company’s objective.

2. Background information

– Briefly introduce the company background (e.g., name, products, business size, location, internal/external interesting facts, etc).

3. Problem Description

– Describe the objectives clearly and specifically.

– The objective may involve either logistics decision-making or process improvement.

4. Application of logistics and Supply Chain Management concepts/tools that can be applied

– Describe what specific logistics and Supply Chain Management concepts/tools can be applied to achieve the objective. This section should make it clear that you understand the concepts/tools you are about to use.

5. Analysis of expected results

– Analyze the expected results of the proposed solution.

6. References

In the course of your day-to-day work, you need to write dozens of business letters, to your colleagues, clients, consultants, or vendors. Think what would happen if you were to make a critical error in your communication that will eventually affect your firm financially.

Using the South University Online Library research and read articles that describe the business costs resulting from unclear instructions. Based on your research and readings, respond to the following questions:

• What are the kinds of errors that are commonly committed in a business letter?
• What could be the results of such errors? Provide at least three examples.
• How would you avoid such errors in the future? Explain in detail.
• What would you include in a best practices document for writing a business letter? Explain the dos and don’ts.

Cost-volume-profit analysis, or CVP, is something companies use to figure out how changes in costs and volume affect their operating expenses and net income. In other words, CVP is a methodical analysis of the dynamic inter-relationship between selling prices, sales and production volume, cost expenses, and profits.

Respond to one or more of the following in a minimum of 175 words:

• Explain each of the three elements of CVP analysis. Discuss how managers use CVP analysis.
• “Break-even analysis is of limited use to management because a company cannot survive by just breaking even.” Do you agree? Explain.
• How does a company’s operating leverage effect its profitability?
• Discuss the concepts of relevant costs and incremental costs. How do they relate? Provide examples.
• In what type of business decisions can incremental analysis be used?

Paul Hersey and Ken Blanchard’s Situational Leadership model has been a big hit in the business world, and these two academics have a huge business training and consulting with corporate executives. Search YouTube or Google for a video by either Hersey or Blanchard to try to get an idea of why they have been so successful selling their ideas in the corporate world. They have many videos, so try to find one that relates directly to situational leadership. Watch the video, and share the link with your classmates.

1. Based on the video, were you impressed by Hersey or Blanchard’s presentation style?
2. Was the video useful in understanding the concepts of Situational Leadership?
3. After watching the video, are you surprised by how popular Hersey and Blanchard are in the corporate world?