Question;Module 2 - Case;FORECASTING | EESC;Virtual World;EBBD EMAIL ? for Internal Use Only;To: You;From: Danny Wilco;Subject: Re: Forecasting at EBBD;The Management Team is all for your efforts to investigate EBBD?s;forecasting situation. We want you to thoroughly analyze what we are doing;what other forecasting methods and techniques are available, and make a;recommendation on how we should proceed. We are particularly interested in how;to improve our short term forecasting on an annual, quarterly, and monthly;basis. We also would like to know how we could do longer term forecasting, say;over two or three years. And we want to know how we can generate quarterly;inflation forecasts.;The Management Team wants to know;?;what are the various methods that we should use?;?;who will do the forecasting?;?;how will the forecasting methods be implemented?;?;why should EBBD spend any money on this new methodology? Why do we care;about improving our forecasting and why is it worth the costs to improve it?;The report should provide an initial section on the background of the;situation, assumptions that we need to make, discussion of your analysis of;various forecasting methods, and then a recommendation with a justification as;to why you are making the recommendation.;One more thing ? the Management Team might want you to make an oral;presentation. So you should also prepare a draft version of a PowerPoint;presentation. This does not need to be a finished product, but a draft version.;The written report should be comprehensive and articulate. Send me the;report and the draft PowerPoint when you have them finished. Let me know if you;have any questions along the way.;~DW, VP LogOps.;Learning Wizard;Use the readings in the Background to familiarize yourself with;forecasting and forecasting methods. You should also search for additional;information pertaining to forecasting in logistics and distribution.;Specific Information you need to identify to use in your report;?;Why is forecasting important in a distribution company? What is it you;are specifically forecasting and what is this used for?;?;Why is forecasting accuracy important? How accurate does a forecast need;to be?;?;What is the difference between forecasting for existing product lines;and for new products?;?;Why should companies spend time and money to improve forecasting;accuracy?;?;How should a company use different methods but yet integrate these;methods?;?;How does strategic planning fit in with forecasting (at least for long;term forecasing/planning)?;You should know the answers to these questions and use this information;in your Report to Danny Wilco.;Using the background information about EBBD?s forecasting situation and;the information you obtain from the background readings and your research, write;a report to Danny Wilco, addressing the questions that he posed. Then;develop a draft Powerpoint presentation.;Upload the Report into Case 2. Upload the draft Powerpoint into;Additional Files in Module 2.;Assignment Expectations of the;Written Report - Be sure to write this report to your boss, Wilco.;The report should thoroughly address these aspects in depth and breadth;?;Problem situation: clearly elucidate the current situation at EBBD;?;Assumptions: assumptions that need to be made and critical evaluation;?;Evidence: identifying information about different forecasting methods;relevant to the problem;?;Possible solutions: combinations of different methods and techniques to;meet the requirements;?;Recommendations: which methods and techniques are best for which;specified needs;?;Justification & Explanation: clear reasoning as to why the;recommendations were made;?;Writing style & Organization: well-formed sentences and paragraphs;well organized with flow of reason, and good use of language that pertain to;concepts and terminology;?;Use of references & Citations: at least four references.;Appropriate use of citations in the paper.;Expectations of the Draft;Presentation;The draft PowerPoint should address these aspects;?;Organization: the deck has a cover slide and at least 4 content slides;and information is arranged in understandable order;?;Content: the deck uses bullet points that articulate and interpret key;points of the report and shows relevant data, charts, graphs, notes are used in;Note section of slides and possible themes of the presentation are suggested.;Module 2 - SLP;FORECASTING | EESC;Assignment 2 - the Extended;Enterprise Supply Chain (EESC);Read the resources for SLP 2 in the Background page.;In this SLP, you will be developing the Extended Enterprise Supply Chain;(EESC). Stay with the product, company and industry you chose in SLP1. You;will extend the supply chain all the way back (upstream) to the RAW materials;needed to produce this product and to package it. Then you will extend the;supply chain forward (downstream) all the way to the RETAIL industry that sells;to the consumer.;Backward explosion of the EESC (upstream). Identify the materials needed;to produce this product and the materials needed to package this product.;Identify how these materials are produced, and what is needed to produce them.;Then go back another step, identifying the materials needed. Do this backward;stepping until you come to basic RAW materials. These will most likely be;generated by Agriculture, Forestry, Fishing, Hunting, Mining, Quarrying and;Oil/Gas Extraction.;Forward explosion of the EESC (downstream). Start with the customers of;your target company and the industry. Identify their customers. Are these;Wholesale or Distribution? Then repeat this by identifying the next level of;customers. Do this forward stepping until you come to the RETAIL level ? the;companies that sell to the consumer. Identify the types of Retail businesses ?;what kind of businesses are there? Be specific. Identify as many kinds of;retail as possible. Include online/websites, if the product is sold this way.;Generate a diagram that shows the whole EESC from RAW to RETAIL.;Identify and discuss the various industries throughout this EESC. What;are the major locations for each of these industries? Where in the US are they;located? Where in the world are they located? Is anyone of the upstream;industries a bottleneck? Are there any specific issues within this EESC, such;as legalities, shortages, changing technologies, etc.?;Session Long Project;Use the product, company, and industry you chose in SLP1. Generate the;EESC for this product, from RAW to RETAIL. Create a diagram showing the EESC;and the branches of the various RAW supplies and industries that converge on;the production industry of the product that flows through wholesale/distribution;to RETAIL. Write a paper that identifies and discusses the various industries;from RAW to RETAIL. Include information about primary locations of the various;industries in the US and abroad. Include discussion about various issues that occur;in the EESC including the bottleneck industry.;SLP Assignment Expectations;The paper should include;?;Background: Briefly review and discuss the product;company, and industry;?;Diagram: Include a diagram of the EESC;?;EESC Overview: Identify each industry in the EESC;?;EESC Discussion: Discuss each industry in the EESC and major locations;of each. Identify and discuss the bottleneck industry. Identify and discuss any;issues in the EESC.;?;Clarity and Organization: The paper should be well organized and clearly;discuss the various topics and issues in depth and breadth.;?;Use of references and citations: at least four (4) proper references;should be used correctly, cited in the text, and listed in the references using;an appropriate style, It is not necessary to use APA format, but it is;suggested that this format be used or another format similar.;?;Length: The paper should be three to four pages ? the body of the paper;excluding title page and references page.;NOTE: You will need to do independent research and find at least four;appropriate references.
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