Reflection Homework
Choose 3 quantitative elements from the company you selected in Competency.
Develop forecasts by implementing the following approach:
o Collect data, including old demand forecast (subjective data) and the actual demand outcomes.
o Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.
o Forecast future demand using a forecasting method.
o Make decisions based on step 3.
o Measure the forecast error where applicable. Look for biases and improve the process.
Write a 525 to 700 words paper evaluating and summarizing the findings from the supported data points above. Insert the charts and supporting data from Excel and other tools in your paper.
Supply Chain Operations Plan.
Use the company that you chose to work with in the second Competency Assessment of this course, which is the company you will use for your entire business plan.
Build a supply chain plan and diagram for the company by analyzing factors that affect sourcing, logistics, metrics, suppliers, and risk.
Create your supply chain diagram using one of the following tools:
o Excel
o PowerPoint
o Visio
o PictoGram
o PDF
o Other faculty-approved platform
Write an 875 words analysis of the supply chain operations plan. Include the following in your analysis:
o A visual depiction of your supply chain diagram
o Your supply chain plan
o Value chain and flow of structure
o Inputs
o Outputs, including customer service structure
o Inventory points and forecasting
o Sourcing activities
o Risks
o Locations
o Logistics
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.