Wilkins Harvard Essay Example

activity which does an aggregate plan for the production process, in advance of 2 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be procured and when, so that the total cost of operations of the organization is kept to the minimum over that period. •Strategic Workforce Planning is a relatively new management process that is being used increasingly to help control labor costs, assess talent needs, make informed business decisions, and assess talent market risks as part of overall enterprise risk management.

Strategic workforce planning is aimed at helping companies make sure they have the right people in the right place at the right time and at the right price •Work Schedule and Workforce Planning is most often created by a manager. In larger operations, a Human Resources manager or scheduling specialist may be solely dedicated to writing the schedule. If the forecast is inaccurate, it’s possible to have overproduction and lack of production. Having overproduction implies having inventory causing an extra cost.Alack of production, causes lost of sales and loosing clients, this could be for that sale or forever. 2.

Create a demand forecast for the PVB product family for the next three quarters. How does your demand forecast compares with the Wilkins’ demand forecast? Based on the given information trend and seasonality is observed; a Winter’s Method approach could be appropriate. Forecast model for Bank Loan Rate Since the Bank Loan Rate does not appear to have a trend or seasonality, a single smoothing forecasting method approach was appropriate. Forecast model for Unemployment RateSince the Unemployment Rate does not appear to have

a trend or seasonality, a single smoothing forecasting method approach was appropriate.

Forecast model for New Privately Housing Units Since the Unemployment Rate appear to have a trend or seasonality, a Winter’s forecasting method approach was appropriate. As Bernie Barge, what would you recommend to management and why? How should Barge convince management to follow his recommendations? Develop an action plan. -Unemployment and Bank Loan no importa porque se mantiene contante a traves del tiempo. No tienen seasonality. -La construccion de casas nuevas si afecta porque tiene seasonality y trend al igual que la demanda. -Recomendamos que se tome en cuanta el # de casas construidas.

Entonces se deberia de buscar una relacion entre la el # de casas y la demanda pasada para pronosticar demandas futuras. -Demostrar que su forma de pronostico no era tan exacta como puede ser tomando en consideracion los factores anteriores. -Obtener data historica. -Desarrollar modelo apropiado de forecast.

-Pasos de forecast normal.