Category: Management

# You should not copy from any website
# References must be written
# The assignment must be delivered on time
# The agreed number of words must be adhered to
# Give examples and write a perfect answer

Reply to Forecasting Applications Discussion 1

Q – Please read the discussion below and prepare a Reply to this discussion post with comments that further and advance the discussion topic.
Please provide the references you used.
Ensure zero plagiarism.
Word limit: 200 words
Discussion

Forecasting Applications
Highline Financial Services Ltd. offers three classes of services (A, B, and C), the demand of which has fluctuated over the past two years. One key decision-making challenge the company faces is forecasting the demand for the following year. Therefore, its history helps forecast the demand that is likely to occur in the future to aid in the proper allocation of resources.
Demand forecasts for the next four quarters for all three products
Service
Year
Quarter
A
B
C
3
1
94.29
60.46
99.25
2
98.57
56.35
99.92
3
102.86
52.23
100.58
4
107.14
48.11
101.25

Forecasting method
Linear trend forecast will be used on all three services to predict demand for the next four quarters. According to a study by Stevenson (2021), the method is applicable when comparing different periods, and as such, linear trend forecast is best suited to the scenario because Highline’s demand data shows that despite volatility, the trends are linear. Thus, linear trend forecast can describe each service’s general demand trend and give acceptable predictions for subsequent quarters.
The demand for Service A is unstable, although it depicts an upward trend over the eight quarters (from 60 to 112). The demand will likely increase steadily for one year through linear regression analysis. Conversely, the trend of Service B is characterized by relative fluctuations, a steady downward trend, and occasional upturns. Linear regression is suitable for extending and suggesting a potential deterioration if appropriate measures are not implemented. Finally, the demand for Service C remains more or less constant and fluctuates within a narrow range with no sign of consistent growth or decline. Although this trend may not be perfectly linear and might not capture this pattern accurately, it can provide a fundamental forecast for relatively stable services. The method gives a clearer picture of the pattern and any shifts in the trend that require intervention.
Rationale for Selecting Forecasting Method
Despite using the same forecasting method, the rationale is different. Service A has an upward trend, which makes the linear regression model the right choice. The same can also be said about Service B’s decline, thereby supporting the use of this method to forecast further declines. Although the demand for Service C is more stable than Service A’s, linear regression can be used to make reasonable forecasts because we are not looking at day-to-day changes but rather at changes in the long run. Sharma et al. (2020) argue that selecting a suitable method of forecasting that correlates with the data attributes indicates that forecasting should be adjusted according to all services’ demand patterns.
Benefits of a Formalized Forecasting Approach
Linear trend forecast is a more structured and less subjective approach to forecasting than other formalized approaches. It provides precision and reliability by eliminating bias from estimates developed on self-perceived or instinct, thus providing better predictions (Stevenson, 2021). It also justifies the reason behind the forecasts to the stakeholders. Using history as a basis for making its forecasts, Highline can avoid misallocating resources in processes like recruitment, development of marketing strategies, and overall financial planning.
In conclusion, it is recommended that Highline Financial Services use the Linear trend forecast to predict the service demand in the next year. Although the demand patterns differ slightly between services A, B, and C, linear trend forecast gives insights required to make informed decisions. Using formalized forecasting techniques will give the company a stable base to build a strategy. This will improve the business’s planning aspect, especially where Freddie Mack will need to consider staffing and resource allocation issues.
References
Sharma, H. K., Kumari, K., & Kar, S. (2020). A rough set approach for forecasting models. Decision Making: Applications in Management and Engineering, 3(1), 1-21.
Stevenson, W. J. (2021). “Forecasting” In Operations Management. 14 Ed, McGraw-Hill

You will choose your topic from the broad list provided below (based on textbook chapters)
The list is not a final list, feel free to submit a topic on Acquisition & Contract Management which interests you
Submit a brief paragraph (2-3 sentences) about the chosen topic
Provide (2) APA formatted sources you will use
Include the FAR reference for your topic
TOPICS: Choose a subtopic from this list which interests you.
PART I: The Acquisition Planning Phase
PART II: The Solicitation Phase
PART III: The Evaluation, Negotiation, and Award Phase
I do not have the textbook,
Comments from Customer
Discipline: Acquisition & Contract Management Pricing

Module Overview
Module 5 Description
Chapter 9 – Solicitation and Contract Formats, Provisions, and Clauses
Chapter 10 – Source Selection and Technical Evaluation Plans
Chapter 11 – Legal Review during the Solicitation Phase
Power Point Presentation
Based on the Ranking Criteria listed in Chapter 10, there are five Evaluation Criteria listed in order of how a proposal from a vendor should be evaluated. List the five items, and discuss in a couple of sentences why you think this order should be arranged differently.
I do not have the book
Comments from Customer
Discipline: Acquisition & Contract Management Pricing

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
• Submissions without this cover page will NOT be accepted.

Assignment Question(s):
Why is strategic management important for a corporation’s competitive advantage?
How does strategic management typically evolve in a corporation? Give examples
Why does a corporation need a board of directors? What is the relationship between corporate governance and social responsibility? Give examples from the actual market.
Choose any corporation from the Saudi market and discuss the forces driving its industry competition (review chapter 4-slide 18).

Notes:
Your answers MUST include at least four scholarly peer-reviewed references, using a proper referencing style (APA). Remember that these scholarly references can be found in the Saudi Digital Library (SDL).
Make sure to support your statements with logic and argument, citing all sources referenced.
Avoid plagiarism, the work should be
in your own words, copying from students or other resources without proper
referencing will result in ZERO marks. No exceptions.
·
All answered must be typed using Times
New Roman (size 12, double-spaced) font. No pictures containing text will
be accepted and will be considered plagiarism).
Submissions without this cover
page will NOT be accepted.

I am required to prepare research about (the employee turnover) in Saudi Araibia, I already wrote the introduction of the research (in the atached file) I need your help in the following:
Rephrasing the introduction that I already wrote without change the context, just make it more professional and academic.
Make Literature review about 6 article in the same topic that should be published the resent 5 years ago, it should not be more than 500 words, discuss previous studies and their methodologies and Identify gaps that my research aims to address. Moreover, please list the reference.
Please, do not use the artificial intelligence and make sure at the end that there no plagiarism.

Reply to Case Study: Highline Financial Services, Ltd Discussion 2

Q – Please read the discussion below and prepare a Reply to this discussion post with comments that further and advance the discussion topic.
Please provide the references you used.
Ensure zero plagiarism.
Word limit: 200 words
Discussion
Highline Financial Services: Demand Forecasting for the Coming Year
Highline Financial Services, a company offering financial and personnel hiring services, needs help to develop demand forecasts for the services it will offer in the next year in the three major service categories. The demand patterns for the company’s services have fluctuated for the past eight quarters; hence, there is a need to conduct a historical analysis of the demand patterns and choose the right forecasting method for each service category. This discussion delves into the demand forecasts for the next four quarters, justifies the reason for selecting the forecasting methods, and outlines the advantages of using a formalized approach to demand forecasting.
Service A has a relatively stable demand pattern, with the demand ranging from 45 to 100 units per quarter and no clear trend or seasonal pattern. Based on this pattern, it is recommended to have a simple moving average forecasting technique. A 4-quarter moving average will be useful because it will filter out the short-term fluctuations and give an accurate forecast of future demand. The forecasts for Service A are as follows:
– Q1 Year 2: (60+45+100+75)/4 = 70
– Q2 Year 2: (45+100+75+70)/4 = 73
– Q3 Year 2: (100+75+70+73)/4 = 80
– Q4 Year 2: (75+70+73+80)/4 = 75
In contrast, the demand for Service B has been more volatile from one quarter to another. Thus, to address this issue while prioritizing the most recent data, exponential smoothing with a smoothing factor of 0. 3 is recommended (Meade, 2020). This method assigns more weight to recent observations; hence, the forecast is flexible and adapts to changing demand patterns. The exponential smoothing forecasts for Service B are:
– Q1 Year 2: 0.3(95) + 0.7(85) = 88
– Q2 Year 2: 0.3(85) + 0.7(88) = 87
– Q3 Year 2: 0.3(92) + 0.7(87) = 88
– Q4 Year 2: 0.3(65) + 0.7(88) = 80
In detail, it has been found that Service C’s number of units in demand has risen from 90 to 110 in the past four quarters. Hence, to capture this growth, the best model that can be used is the linear trend forecast model (Sharma et al., 2020). From the historical data, the trend line that will be fitted will show the increase in demand in the next year, as shown in the forecast. The linear trend forecasts for Service C are as follows:
– Q1 Year 2: 83.4 + 6.4(5) = 115
– Q2 Year 2: 83.4 + 6.4(6) = 122
– Q3 Year 2: 83.4 + 6.4(7) = 128
– Q4 Year 2: 83.4 + 6.4(8) = 134
Given these differences in the demand patterns identified for the three services, the use of different forecasting methods for the three services is justified. Service A has a relatively stable demand pattern for which moving averages are applicable, while Service B has a variable demand pattern for which the exponential smoothing technique is applicable. Service C, however, has a growth trend, which makes the trend-line approach best applicable. Therefore, according to Arıoğlu et al. (2021), by applying these methods, depending on each type of service, Highline Financial Services can effectively predict the future and adapt to it.
There are several major benefits that Highline Financial Services can accrue from the application of a structured forecasting technique. First, it eliminates the use of either random or biased means rather than the use of competent and systematic approaches. Further, when demand forecasting is more quantitatively complex, resource managers allocate resources better since demand expectations are quantified. Similarly, it is helpful for the company to identify forecast errors that can be used to assess forecast accuracy and identify improvements that can be made. Finally, the formalized forecasts serve as a benchmark that can be adjusted with the help of management and other stakeholders.
In summary, the demand forecasts for Highline Financial Services’ three service categories have been calculated using the most suitable methods that reflect their past trends. The forecast for Service A through the moving average should be combined with the exponential smoothing for Service B and the linear trend for Service C to provide the company with an accurate demand forecast. Ultimately, Highline Financial Services has the opportunity to enhance the decision-making, resource management as well as organizational performance in the subsequent year if it applies more formal and quantitative methods of forecasting.
References
Arıoğlu, M. Ö., Sarkis, J., & Dhavale, D. G. (2021). Selection of suppliers using Bayesian estimators: a case of concrete ring suppliers to Eurasia Tunnel of Turkey. International Journal of Production Research, 59(18), 5678–5689. https://doi.org/10.1080/00207543.2020.1789236
Meade, N. (2020). Evidence for the Selection of Forecasting Methods. Journal of Forecasting, 19(6), 515–535. https://doi.org/10.1002/1099-131X(200011)19:63.0.C…
Sharma, H. K., Kumari, K., & Kar, S. (2020). A rough set approach for forecasting models. Decision Making: Applications in Management and Engineering, 3(1), 1-21. https://doi.org/10.31181/dmame2003001s

Learning Outcomes:
Use quality improvement tools and practices for continuous improvement to achieve the organizational change and transformation. (2.2)
Implement quality improvement efforts using teams for organizational assessment and quality audits. (3.1)
•Instructions to search the article:
Via your student services page, log in to the Saudi Digital Library. After your login with your student ID, search for the following article:
CUSTOMER-FOCUSED ENVIRONMENT: ORGANIZATIONS MUST EXTEND THEIR DEFINITION OF CUSTOMERS.
ISSN: 03609936
In this article, the author discusses the different definition of customers either internal or external and how satisfying all customers’ needs helps the organization in term of accomplishing its quality objectives. Read the article, and answer the following questions:
Assignment Question(s):
In your own words, summarize the article. ( 150 – 200 words ) ( 3 marks )
To which extent do you agree or disagree with the author point of view “that internal customers’ needs are important as externals to create a true quality environment” and Why? ( 150 – 200 words ) ( 3 marks )
Discuss the tools needed to operate within the new environment as indicated by the author. ( 150 – 200 words) ( 4 marks )
Important Notes: –
For each question, you need to answer not in less than 150 Words.
Support your answers with course material concepts, principles, and theories from the textbook and scholarly, peer-reviewed journal articles etc.
Use APA style for writing references.

Answers

Answer-
Answer-
Answer-

Learning Outcomes:
1. Describe the place of small business in history and explore the strengths and weaknesses of small business.
2. Design a solid projected financial plan and conduct a breakeven analysis for a small company.
3. Demonstrate the ability to deliver and communicate marketing massages in coherent and professional manner.
4. Illustrate the ability to think independently and systematically on developing a viable business model.
Assignment Workload:

This assignment is an individual assignment.
Start-up Business Plan
Assume yourself as an entrepreneur of a small startup business in Saudi Arabia.
Write brief notes on the following objectives:
Owners, capital structure and company profile (2 Marks)
Company Business Description (300 – 400 words)
a. Your Business Name, Address, E‐Mail
b. Form of ownership:What is the legal structure? Sole proprietor, Partnership, Corporation….
C. Investment capital
A. Scope and type of business (4 Marks)
What business will you be in? What will you do? What market segment will you choose?
Business idea: what is your big idea? Is it a product or a service? What makes your idea different?
Mission Statement
Company’s short-term and long-term goals and objectives.
Target market and demographics: Who will your customers be? Where do they live? What is your target market passionate about?
B. Business Philosophy (4 Marks)
What is important to you in your business?
Describe your Industry: Is it a growth industry? What long-term or short-term changes do you foresee in the industry? How will your company take advantage of it?
Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture?
Risk Assessment: Evaluate the strengths and weaknesses of your business using SWOT.
Who is your competition and how do you beat them?

Note: Use APA style of referencing