Term Paper

Chapter 1Critical Thinking Excercise 2

Why is it important to match Supply and demand? If a manager believes that supply and demand will not be equal, what actions could the manager take to increase the probability of achieving a match?

Complicated demand streams, separate product life cycles, different departmental

business processes, so many forecasts throughout business, sales & operations plans which do

not sync ups. All of those have been the key challenges which may severely impact balance in

between the supply as well as demand for customer driven enterprise of these days.

Demand Forecasting

Industry analysts estimates that the collaboration may improve accuracy of the plans as

well as forecasts through as much as thirty percent.

Chapter 2 Discussion & Review Question 2

List the key ways that organizations compete.

The ways that organizations compete is based on price, product and

deliverables. Strategies and key success are also the other methods by which organizations are

competing now a days. Every idea that innovation and creativity can bring is capable of being

competed.

Problem 3

Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound.

Inputs:

Wages = 40 * 6 *12

Overhead = Wages *1.5

Material = 450 * 6

Input = 2880 + 4320 + 2700 = 9900

30000/9900 = 3.030303

Manufacturers use productivity as a measure of determining whether they're making efficient use of their raw materials, and whether changes in the way they do things have a positive or negative effect.

Chapter 11 Discusiion & review Questions 3 & 7

3.What is aggregate planning? What is its purpose?

Aggregate planning is an operational activity critical to the organization as it looks to balance long-term strategic planning with short term...