BUS 305 Practice Exam 3 1) Assume the following time series data representing the number of sales per day your company’s employees make. Year-Quarter | t | Yt | 2001-1 | 1 | 17 | 2001-2 | 2 | 26 | 2001-3 | 3 | 21 | 2001-4 | 4 | 15 | 2002-1 | 5 | 19 | 2002-2 | 6 | 18 | 2002-3 | 7 | 21 | 2002-4 | 8 | 23 | a) Use Applet #16 to calculate the seasonal index numbers for the four quarters. b) Interpret what each of the four indices you computed in (a)
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Service the Process Learning Objectives By the end of this Unit‚ you should be able to: Describe different types of demand patterns and explain the difference between dependent and independent demand. Explain the main different ways of forecasting demand. Describe the main issues to consider when specifying delivery and supplier service/responsiveness. Outline other types of information important to the supplier that should be included in a specification. ITC M2:U4:1 Purchase
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Table of Contents Consensus versus Average Forecasting 1 Options 1 Demand Forecast 1 Supplier Selection 2 Change Orders 3 Lessons 3 Appendix A: Simulation Comments 4 Appendix B: Simulation Results 6 Consensus versus Average Forecasting The consensus forecasts worked well for quick insight into estimated demand for each month. In our first year we used the consensus demand because we did not know the dynamics of the group‚ and we were relying on their expertise to guide us toward
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If needed‚ additional workspace is provided on the next sheet. Doug Moodie is the president of Garden Products Limited. Over the last 5 years‚ his vice president of marketing has been providing the sales forecast using his special “focus” forecasting technique. The actual sales for the past ten years and the forecasts from the vice president of marketing are given below. |Year |Sales |VP/Marketing Forecast
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problems in the book. But read the book. Forecasting 1. Do forecasting accuracy increase or decrease as the planning horizon increases? 2. Do forecasting accuracy increase or decrease as items are grouped (aggregated?) 3. What is Delphi method? What makes it work? 4. What problems do you see with sales force composite estimate? 5. What is causal (associative) forecasting? 6. What is time series forecasting? 7. What are the components of time series? 8. Which
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PRIVATE TRANSPORT The last century has seen a huge transformation in how we travel. Technological advances mean that we can fly long distances in half the time it took fifty years ago and we now commute by train‚ boat‚ car and coach in relative comfort and safety. This section looks at the development and fire safety issues of modern day transport‚ highlighting the application of flame retardants for the construction and comfort of passenger travel. AIMS&OBJECTIVE
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Four Primary Forecasting Techniques The primary forecasting techniques that Bronson Methodist Hospital uses varies with the ongoing processes of building‚ implementing‚ evaluating and the never-ending improvements that are made in each forecast models that are consistent throughout the organization. Bronson hospital focuses on using forecasting techniques that have data that is readily available‚ can be performed in house‚ easy to understand and the forecasting methods are reasonable (Harrelson
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STUDY OF PROFITABILITY OF A LOGISTICS COMPANY USING ECONOMETRICS TOOLS Executive summary This study examines the impact of three factors‚ namely Sales‚ Fixed assets and Interest paid on the profitability of a logistics company. Econometric tool of multiple linear regression model was used for analyzing the impact of above factors on profitability of a major logistics company GATI Limited. Based on the financial data of last 10 years 2000-2009 the regression analysis has revealed that profitability
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INTRODUCTION Inventory is the total amount of goods or materials contained in a store at any time. Store owners need to know the precise number of items on their shelves and storage areas in order to place orders or control losses. Factory managers need to know how many units of their products are available for customers orders. Restaurants need to order more food based on their current supplies and menu needs. All of these business rely on an inventory count to provide answers. The word ‘Inventory’
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for each of the systems described in this module ‚Give the website addresses and brief description of each of these softwares. Answers:- Technologies in SCM:- 1. Enterprise Resource Planning. 2. Warehouse Management systems 3. Transportation Scheduling Systems 4. Manufacturing Execution Systems 5. Customer Relation Management 6. Order Management Systems 7. Demand Planning 8. Procurement Planning Name of the sogftwares those are available in the market 1. Enterprises Resources
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