ASSIGNMENT 1: How does Forecasting relate to Planning? Answer: CASE STUDY 1: Format in Writing a Case Study Analysis: (5 PAGES ONLY) Introduction Identify the key problems and issues in the case study. Formulate and include a problem statement, summarizing the outcome of your analysis in 1-2 sentences. Background Set the scene: background information, relevant facts, and the most important issues. Demonstrate that you have researched the problems in this case study. Discussion Alternative--Describe several alternatives and explain why some were rejected. Describe existing constraints and explain why some alternatives were rejected Solutions- Provide one realistic solution to the problem, explain the reasons behind the proposed solution, support this solution with justification, include relevant theoretical concepts in addition to the results of your research. Provide specific and realistic solution(s) or changes needed. Explain why this solution was chosen. Support this solution with solid evidence, such as: Concepts from class (text readings, discussions, lectures) Outside research Personal experience (anecdotes) Recommendation and Conclusion Choose a specific and realistic solution(s) or changes needed. Determine and discuss specific strategies for accomplishing the proposed solution. If applicable, recommend further action to resolve some of the issues. What should be done and who should do it List of Reference (Internet, E-Books, Magazines, PDF files, Research) QUESTION: Forecasting plays a pivotal role in the operations of modern management. It is an important and necessary aid to planning and planning is the backbone of effective operations. What is the strategic role of Forecasting in business? RESEARCH WORK: Drafting the Research Work (3 pages only) Gather enough information about the research work and then filter all data that are most relevant to less relevant. Be sure that the line of thought of the research work is the same from start to end following the outline presented below: Overview: The overview should start with a sentence depicting the general summation of the research work. Proceed next to the important points of the research work in a structured manner. The overview should be written in a narrative form. Research Topic You may paraphrase the topic and cite the author at the end of the sentence. i.e. (Uncle Sam, 1918) Copy a section of the written material and cite the author at the end of the last sentence. i.e. (J. F. Kennedy et. al., 1962) Findings The findings are a narration of what you have discovered in the process of reading through the different literature that you have placed in the research topic. You may also write conclusions in this part of the research work. List of Reference (Internet, E-Books, Magazines, PDF files, Research) RESEARCH QUESTION: Inventory management is a good practice for any company. If a company is not keeping a watchful eye on its inventory or counting stock regularly, the company is setting itself up for potential inventory errors and challenges. Proper inventory management really can make or break your business. What are benefits of a good Inventory Management Strategy? Identify and explain at least five benefits. Format in Writing a Reflection Paper Paragraph 1: Introduction a. Hook - give a quick preview of the most exciting part of the Inventory Management and Control b. Problem statement - without giving too much away, write how the Inventory Management and Control influenced the daily operations. Paragraph 2: Body Paragraph Which part of Inventory Management and System is the most enjoyable? Why? What is the most important part of Inventory Management and System that can be applicable to daily life? Paragraph 3: Conclusion a. Summary of Inventory Management and Control b. Overall impact / lesson learned