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How can the problem of overenthusiastic demand forecasts in supply chain planning be avoided?
The problem of overenthusiastic demand forecasts can be avoided by making proper analysis of the situation, developing information as an alternative to inventory, making proper adjustments in case of low market demand, and having the proper information on where to turn when demand does not meet or exceeds the demand forecast.
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What are the six phases in decision making in entrepreneurship?
Define Problem Statement Generate Multiple SolutionsAvoid premature decisionsGenerate Problem Solutions Define evaluation criteria for all solutions.evaluate Advantages & dis advantages for each solution.Select Best SolutionIdeas to Action (Select Action/Solution) Involve key participationGain AcceptanceCommitment for solution to work.Solution Action Planning (Agreement) Post Implement Analysis.EvaluationLessons LearnedSolution Evaluation Planning Evaluate how well the problem was solved.Evaluation of outcome and process
What are the problems of transition when central planning in an economy is reduced?
usually unemployment increases due to privatisation inflation also increased as a result of remaval of price controls the other problem is social unrest,most people that benefitted from central planning will suffer and so cause strikes and social unrest. the lack of a profit motive in central planned economies mean that most businesses lack entrepreneurship skills so some of these newly established businesses fail.
What are the Limitation of planning?
1. Very Expensive ProcessPlanning is the big process so it is very time consuming and you can say money consuming.it may delay certain cases.the expenses on planning is directly proportional to the time spent on planning. if you plan to maintain your budget according the planning process, then result may vary in many cases. 2. Non availability of datait is major problems on the everywhere you can not find the real data which you want. planning loses its value in absence.and the second problem is when you can not effort too much money for sufficiant information. 3. Inability of plannerPlanning is a forward looking process. if a planner has a tendency to follow rather than lead then he can not make a good plans. So you need a good planner. 4. RigidityPlanning involves the determination of a course of action in advance. It may lead to internal inflexibility and procedural rigidity. For example With the planning a business or organization may achieve certain goals. But this way planning may create rigidity or It locks business into certain goals. 5. ForcastingPlanning has its limitation just as it can not forcast anything . Planning is the roadmap to achieving the certaqins goals. if the forcasts do not turn out to be true, the effectivness of planning is likely to be highly impaired. If authentic figures and information are not available, planning becomes unrealistic. 6. External FactorsExternal factors are very difficult to predict. some external factors are War, goverment control and polocies, Market slump etc.these may make the implementation of plans very difficult. 7. Less AccuratePlanning and prediction for future work may be a awful work for anyone. Business planning is done by fast, simple and accurate techniques. Inefficient techniques of data collection used by planners cause accuracy problems. 8. Over Ambitious ProjectionsSometimes Business owners and professionals set over ambitious projections then reality. Outline a clear vision. Business planning should be based on real facts and it must show a realistic path to targeted goal. Make it real and alive. 9. Top Level CommitmentEveryone know that commitment is essential to success. And true commitment at the top level is the major challenges in business planning process. It gives power to people to make solid decisions within the limitations of planning. Tips to Overcome planning limitationsit is very difficult to overcome such limitation those are not in your hand but you can tackle them with following tips: 1. The management information system should be properly organised so that relavent information is made available to the planners.2. The management should give sufficiant time and attaintion to planning. because as we say earlier, it is a long process3. A definitive target and system of control should be directly associated with planning to ensure that plans are implemented properly.4. Managers should be prepared to do innovative thinking to increase the efficiancy of planning.5. A system of forecasting coupled with a keen insight into the dynamics of future environment should be developed.6. Involving many people in the planning process, to generate a feeling of ownership of the planning process.After seeing a overview of limitations of planning we take a look at the benefits that can be achieved by an organizatoin with limitation:with planning you can concentrates on your Objectives:It provide you a sense of directionIt provides integrated diverse forces at workIt reduce UncertaintyIt improver adaptibilityIt improves competitive strength
Define the economic problem?
define economic problem
What is the core economic problem?
the core economics problem with economy of pakistan
What are the threats to company's survival?
Economic problem and financial forecasts
Which problem can be avoided by administering Promethazine IV?
aspiration
What are the problems of manpower planning?
What are the problem of manpower planning
Which one take the most effort defining the problem planning or executing?
Planning
When you have demonstrated excellent problem solving planning and organisational skills?
Please outline when you have demonstrated excellent problem solving, planning and organisational skills*
What kind of planning do leaders use to prepare for solving a problem?
They use reverse planning.
What kind of planning do leaders use to prepare timelines for solving a problem?
They use reverse planning.
How should family planning be introduced in schools give the pros and con of such an argument?
Family planning is a social problem, but not an academic problem. It need not be taught in schools.
Why has the medical profession historically avoided dealing with the problem of drug abuse?
This is not for medical it needs to be delt with in thereapy.
What did colony's food problem stemmed from?
The colonists' lack of planning
The colony's food problem stemmed from?
Colonists lack of planning
In planning your problem-solution essay you should begin by?
brainstorming.
