Minimum Submission Requirements · Proper notification of any resubmission, repurposing, or reworking of prior work per the Purdue Global Student Coursework Resubmission, Repurposing, and Reworking...

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Minimum Submission Requirements · Proper notification of any resubmission, repurposing, or reworking of prior work per the Purdue Global Student Coursework Resubmission, Repurposing, and Reworking Policy Resource. · This assessment should be a separate Microsoft Word® (minimum 750 words) document, in addition to the title and reference pages. · In addition to the current APA style title page and reference page; ensure your paper covers the assigned topics, with a focus on quality. The following items provide additional guidance as to writing expectations. · Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your paper should be highly organized, logical, and focused. · Your submission must be written in Standard English; demonstrating exceptional content, organization, style, grammar, and mechanics. · Your paper should provide a clearly established sustained viewpoint and purpose. · Your writing should be well ordered, logical, and unified, as well as original and insightful. · Ensure your paper uses current APA style for content, with properly indented paragraphs, and a minimum of 3-full pages (minimum 750 words) covering the assigned topics to appropriate depth. · A separate page at the end of your paper should contain a list of references in current APA style. Use your textbook, the Library, and the internet for credible research. · Ensure you have at a minimum three quality references supporting your work: defining words, or using dictionaries, wikis, or encyclopedias, does not count as a quality reference, or meet university standards for credible online research. · Be sure to include references for all sources and to cite them using in-text citations where appropriate. Your sources and content should follow current APA citation style. Review the writing resources for APA formatting and citation found in Academic Tools. Additional writing resources can be found within the Academic Success Center. · Your submission should: · include a title page; · be double-spaced; · be typed in Times New Roman, 12 -point font; and · be free of spelling or punctuation errors. In this assessment, you will compose and informative essay in which you specifically address the parts listed below. Part 1: Examine the business concepts provided below: Forecasting Select a part of forecasting to evaluate based upon your prior reading in the ebook. Conduct online research to support your writing with credible sources. In particular, demonstrate your knowledge of how forecasting supports operations management efforts. Select one method of forecasting as presented in the ebook that you find potentially useful in your own career. Evaluate how you would apply it in a real-world business setting. Inventory Management Select a part of inventory management to evaluate based upon your prior reading in the ebook. Conduct online research to support your writing with credible sources. In particular, demonstrate your knowledge of how inventory management supports operations management efforts. Select one method of inventory management as presented in the ebook that you find potentially useful in your own career. Evaluate how you would apply it in a real-world business setting. Part 2: Close your paper with the following observations from your research: The importance of forecasting and inventory management within the context of operations management. Make sure you evaluate the purpose of forecasting and inventory management within operations management, as you close your paper, with skilled professional reflection and commentary. Ensure each topic is covered to appropriate breadth and depth demonstrating knowledge of the module concept. ( You will need to use the EBook to answer the Part 1 and Part 2 questions. Below are instructions to login) https://www.purdueglobal.edu/ Then Username: GabrealWhitten1 Passoword is: Bonner1350 Then click on the class that is Utilize Forecasting and Inventory Data MT435M5-01 | 2103C July 2021 Term Then content, then you will scroll down a little and you will see Digital book, click on that, then click on Operations and Supply Chain Management, 10th ed. External Learning Tool
Answered Same DayAug 23, 2021

Answer To: Minimum Submission Requirements · Proper notification of any resubmission, repurposing, or reworking...

Arunavo answered on Aug 24 2021
136 Votes
HUMAN RESOURCE MANAGEMENT     1
FORECASTING AND INVENTORY MANAGEMENT     4
FORECASTING AND INVENTORY MANAGEMENT OF THE ORGANIZATION
Table of Contents
Part 1: Forecasting    3
Part 2: Inventory Management    4
Referenc
es    6
Part 1: Forecasting
Forecasting is one of the most important aspects of the company's portfolio because it helps in developing the ability to make an informed business decision, which helps in developing future strategic goals (Wilson et al., 2020). The forecast can be generally explained as the anticipated prediction that will occur in the future, such as the weather forecasting or sales forecasting of a company and so on. Almost all companies are engaged in sales forecasting, which generally occurs with the product demand, and it is considered the most important planning decision for a company. Banerjee et al. (2021) have further added that a planning decision involves the decision making regarding the scheduling process, inventory preparation, production planning, layout of the facility along with the design, workforce distribution, and many more other operations which are in line with the demand of the customer. It has been observed that the top management of the organization relies on forecasting to ascertain the customer demand in the future along with the size of the market and the location where the products will be sold.
Forecasting is a long going process with many benefits, however, it is considered as one of the most uncertain processes. As supported by Magdalena and Suli (2019) that it is impossible to predict the consistency of what the future will be, which can be observed by the sudden onset of the Covid-19 pandemic, which had completely disrupted the strategic plans prepared by the company on the anticipation of increasing their production as well as sales. Management of the companies mainly expects that the forecast must be done with utmost accuracy, which is a challenging task. In this present international business environment, consumers are having more options to chose from, with greater product diversity, which has been possible through technological advancement. Therefore, forecasting has become the most challenging task, and even during this unpredictable global scenario with the Covid-19...
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