Question: Key Problem to solve John and as consultant team has exactly two months to come up with a strategy to fix Baltimore Equipment's forecasting and
Key Problem to solve John and as consultant team has exactly two months to come up with a strategy to fix Baltimore Equipment's forecasting and safety stock issues. Questions/Issues to integrate and consider (at a minimum) The final deliverables for this project include Proposal Recommendation key findings following the format below, a presentation to senior management explaining your recommendations, justification of approach, and a detailed plan that can be easily implemented by management. Include a recommendation as to whether any forecasts should be adjusted (upward, downward or none) based on your research of the business environment for this (NAICS) industry. Mr. John Jones is counting on your expert analysis and advice. The case Recommendation Proposal is the primary document used to grade this assignment and assume it is the only document seen by management; while constructing the assignment be sure to address all the questions posed and each of the variables addressed in each section of the rubric. General Information When reviewing the Recommendation Proposal, the case grading rubric is the primary tool used to grade this assignment. All rubric sections are graded independently. If it is not included in the Recommendation Proposal, it is not considered for grading purposes. Ask for help if needed - please do not hesitate. Dates Assume the dates in the case are current dates; do not research or backtrack on dates Your Role Take on the role of consultant and write the Recommendation Proposal for John Jones Perspective Take an organizational level perspective Recommendation Proposal Write Recommendation Proposal as a flowing professional document bridging from one section to the next; the sections are connected. Select Starting Ideas: 1. Determine best forecasting techniques 2. Conduct research and describe if the forecasts should or should not be adjusted. Assumerioday's date. 3. Apply sensitivity analysis 4. Calculate safety stock and integrate in recommendation. Operate on the assumption of a normal distribution. However, discuss how to handle forecasts if a normal distribution is not valid (research) and the implications for your solution. 5. As part of the analysis recommend a solution to the SKUs with erratic demand. Should a non-traditional forecast approach be used? If so, what is the approach you recommend? 6. What could be done to accommodate the parts from vendor MAA which have lead times of three months (machine parts) and four months (hydraulic parts)? Appropriately integrate the above six ideas and others) and insert in the appropriate section the paper. Required Recommendation Proposal Sections and Headings Section 1: Introduction [One paragraph summary of the situation and what Recommendation Proposal will deliver] Section 2: Situational Analysis, identification of issues, problems, and objectives Required Recommendation Proposal Sections and Headings* Section 1: Introduction [One paragraph summary of the situation and what Recommendation Proposal will deliver) Section 2: Situational Analysis, identification of issues, problems, and objectives [Summarize the situation, identify salient issues, and summarize what the Recommendation Proposal will provide.) [Applicable case rubric section: Identification of Issues, problems, and objectives) Section 3: Stakeholder Analysis [Applicable case rubric section: Stakeholder Perspectives, conflicts, and Impacts] Section 4: Analysis: Quantitative and Qualitative [Detailed and thorough quantitative and qualitative analysis] [Integrate at least 5 different research findings with proper in-text citations and full reference at the end - include only items relevant to recommendation] [Applicable case rubric section: (1) Research and (2) Analysis] Section 5: Alternative Option(s), selection and justification [At a minimum, options come in pairs] [Thorough quantitative and qualitative analysis of various options. Address Pros and cons of each option] [After weighing pros and cons of options presented in section 4 make a recommendation on each choice and justify. Summarize pros and cons again) [Applicable case rubric section: Alternative Options(s) and justification) Section 6: Final Recommendations [Clearly state the final recommendations and divide into short and long-term) (Short-term recommendation(s) (what must be done right away)] [Long-term recommendation(s) (3 to 5-year time horizon)] [Applicable rubric section: Recommendations] Section 7: Conclusion [Wrap up by summarizing what was delivered in the Recommendation Proposal] Assignment Recommendation: Devote 75%ish of Recommendation Proposal to Sections 4,5 and 6. Key Problem to solve John and as consultant team has exactly two months to come up with a strategy to fix Baltimore Equipment's forecasting and safety stock issues. Questions/Issues to integrate and consider (at a minimum) The final deliverables for this project include Proposal Recommendation key findings following the format below, a presentation to senior management explaining your recommendations, justification of approach, and a detailed plan that can be easily implemented by management. Include a recommendation as to whether any forecasts should be adjusted (upward, downward or none) based on your research of the business environment for this (NAICS) industry. Mr. John Jones is counting on your expert analysis and advice. The case Recommendation Proposal is the primary document used to grade this assignment and assume it is the only document seen by management; while constructing the assignment be sure to address all the questions posed and each of the variables addressed in each section of the rubric. General Information When reviewing the Recommendation Proposal, the case grading rubric is the primary tool used to grade this assignment. All rubric sections are graded independently. If it is not included in the Recommendation Proposal, it is not considered for grading purposes. Ask for help if needed - please do not hesitate. Dates Assume the dates in the case are current dates; do not research or backtrack on dates Your Role Take on the role of consultant and write the Recommendation Proposal for John Jones Perspective Take an organizational level perspective Recommendation Proposal Write Recommendation Proposal as a flowing professional document bridging from one section to the next; the sections are connected. Select Starting Ideas: 1. Determine best forecasting techniques 2. Conduct research and describe if the forecasts should or should not be adjusted. Assumerioday's date. 3. Apply sensitivity analysis 4. Calculate safety stock and integrate in recommendation. Operate on the assumption of a normal distribution. However, discuss how to handle forecasts if a normal distribution is not valid (research) and the implications for your solution. 5. As part of the analysis recommend a solution to the SKUs with erratic demand. Should a non-traditional forecast approach be used? If so, what is the approach you recommend? 6. What could be done to accommodate the parts from vendor MAA which have lead times of three months (machine parts) and four months (hydraulic parts)? Appropriately integrate the above six ideas and others) and insert in the appropriate section the paper. Required Recommendation Proposal Sections and Headings Section 1: Introduction [One paragraph summary of the situation and what Recommendation Proposal will deliver] Section 2: Situational Analysis, identification of issues, problems, and objectives Required Recommendation Proposal Sections and Headings* Section 1: Introduction [One paragraph summary of the situation and what Recommendation Proposal will deliver) Section 2: Situational Analysis, identification of issues, problems, and objectives [Summarize the situation, identify salient issues, and summarize what the Recommendation Proposal will provide.) [Applicable case rubric section: Identification of Issues, problems, and objectives) Section 3: Stakeholder Analysis [Applicable case rubric section: Stakeholder Perspectives, conflicts, and Impacts] Section 4: Analysis: Quantitative and Qualitative [Detailed and thorough quantitative and qualitative analysis] [Integrate at least 5 different research findings with proper in-text citations and full reference at the end - include only items relevant to recommendation] [Applicable case rubric section: (1) Research and (2) Analysis] Section 5: Alternative Option(s), selection and justification [At a minimum, options come in pairs] [Thorough quantitative and qualitative analysis of various options. Address Pros and cons of each option] [After weighing pros and cons of options presented in section 4 make a recommendation on each choice and justify. Summarize pros and cons again) [Applicable case rubric section: Alternative Options(s) and justification) Section 6: Final Recommendations [Clearly state the final recommendations and divide into short and long-term) (Short-term recommendation(s) (what must be done right away)] [Long-term recommendation(s) (3 to 5-year time horizon)] [Applicable rubric section: Recommendations] Section 7: Conclusion [Wrap up by summarizing what was delivered in the Recommendation Proposal] Assignment Recommendation: Devote 75%ish of Recommendation Proposal to Sections 4,5 and 6