FORECASTING FORECASTING The Role of the Manager Planning Organizing Staffing Leading Controlling Future ? Data Information • Short-range • Medium-range • Long-range Features Common to All Forecasts Forecasting techniques generally assume that same underlying causal system that existed in the past will continue to exist in the future. Forecasts are rarely perfect. Forecasts for groups of items tend to be more accurate than forecasts for individual items. Forecast
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Forecasting Why forecast? Features Common to all Forecasts • Conditions in the past will continue in the future • Rarely perfect • Forecasts for groups tend to be more accurate than forecasts for individuals • Forecast accuracy declines as time horizon increases Elements of a Good Forecast • Timely • Accurate • Reliable (should work consistently) • Forecast expressed in meaningful units • Communicated in writing • Simple to understand and use Steps in Forecasting Process
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FORECASTING Q1: Moving averages are often used to identify movements of stock prices. Weekly closing prices (in $ per share) for Toys Я Us for 22 September‚ 1997‚ through December 8‚ 1997‚ are as follows (Prudential Securities Inc); Month Sept 22 Sept 29 Oct 6 Oct 13 Oct 20 Oct 27 Nov 3 Nov 10 Nov 17 Nov 24 Dec 1 Dec 8 Fund Price 37.8750 35.6250 34.6875 33.5625 32.6250 34.0000 33.6250 35.0625 34.0625 34.1250 33.2500 32.0625 a. Use a 3-month simple moving average
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COMPANY PROFILE Woolworths Limited REFERENCE CODE: 2FF5536D-6BA6-4CE5-81DF-4EABB0A5A391 PUBLICATION DATE: 8 Jul 2014 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Woolworths Limited TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts.................................................................................
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Fridey Subject Overview Welcome to a new session of study at Charles Sturt University. Marketing is an enterprise wide opportunity for any organisation to understand its customers and the markets they might wish to participate in. Marketing management is concerned with identifying‚ entering and developing markets and aligning the organisation’s resources to achieve its goals. This subject will introduce students to key ideas‚ philosophies and theories that make marketing an essential activity in any
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ASS01 GROUP PRESENTATION BACKGROUND OF THE COMPANY Brief history of the company Est. Sydney 1924. Financial position: revenue and profitability Reporting sales of 47.06 billion in 2007/08 financial year Market position: growth‚ share‚ competitors 31% market share‚ 10.7% growth. Activities in food‚ liquor‚ petrol‚ consumer electronics‚ general merchandise‚ retailing through chain store operations‚ together with hotel‚ gaming and entertainment operations (data analysis‚ 2007)
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MKTG 803 Operations & Supply Management Roy Marcellus – 40828360 SHOPPING LIST: ← Executive Summary ← Market Outlook o Australian Economy o FMCG Outlook o Woolworths & their competitor ← Woolworths competitive advantage o Product o Customer Intimacy and Retention o Online Presence o Bigger Network ← Appendix ← Reference List EXECUTIVE SUMMARY If we compare
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Woolworths Case Analysis Wandeli Loubser 15301648 BACKGROUND OF WOOLWORTHS Woolworths began life in what had been the dining room of the old Royal Hotel in Cape Town on a sunny October morning in 1931 as a clothing store and was founded by Max Sonnenberg. In 1934 Woolworths opened a second branch in Durban‚ followed in 1935 by branches in Port Elizabeth and Johannesburg. Shareholders who bought Woolworths stock in 1936 at 75c a share would have seen that stock grow to many‚ many times its original
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Is Woolworths diluting its value proposition by dropping prices and increasing the product range? • No‚ Woolworths is not diluting its value proposition by dropping prices and increasing the product range. • Own-brand products bring great value and perceived quality‚ synonymous with the Woolworths brand. • Reduced input costs do not result in a product quality alteration and therefore I suggest that no negative impact exists. • Reduced pricing to remain competitive during tough economic conditions
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carbon by any organisation‚ event product or person. Woolworths is one of the largest company of Australia and despite this company trying to reduce their carbon production but still it producing heaps carbon.. (http://www.carbonfootprint.com/carbonfootprint.html) Measurement process: Using trees to offset carbon (tree planting) Why company should measure carbon footprint: * Demonstrate companies environmental credentials * Increase market reputation * Meet increasing supply chain tender
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