Operations Management Module 3: Forecasting and Contracts, management homework help

timer Asked: Jul 27th, 2017
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Question Description

Module 3: Forecasting and Contracts

In this module, players choose which contracts to pursue, and optimize their receiving, production, and shipping departments accordingly (20 Turns).

To gain access to this module, please log into your McGraw Hill student account and select the MGMT345 Master (Cape & Cullen), then select “Click here to launch MH Practice.” On the next screen, select “Assign & Play” to gain access to the various modules. Find “Module 3: Forecasting and Contracts” on the list and select “Play Game.” From that point, follow the instructions in the simulation.

The operations manager in your department wants you to conduct a formal presentation to him and the rest of the floor staff to highlight the benefits of supply chain management. He has over 30 years of operational management experience with the company, and he is skeptical of any change. He has never used any type of supply chain management techniques or tools, but found your discussion on supply chain interesting. He would also like you to provide a recommendation on how to improve the current forecasting process and management of contracts for your company. This is your opportunity to really pitch the advantages of implementing supply chain management and for improving the current forecasting and contractual processes within your company.

Develop a compelling presentation to the operations manager that will explore the benefits of implementing supply chain management on his floor. Be sure to include what you learned from the game module.

  • Use the following format:
    • 6-8 slides
    • Eye-catching graphics, clip art, charts, and models
    • A minimum of 100–200 words of speaker's notes per slide
    • APA, 6th edition format for all citations and references
  • Content should include the following:
    • Create 1–2 slides providing examples of supply chain tools and techniques and explanations of how they are used.
    • Cite and explain 2 examples of how supply chain management has helped a company to improve efficiency and effectiveness.
    • Create 1 slide explaining the importance of forecasting demand.
    • Create 1 slide explaining how to identify customer needs and how to satisfy them.
    • Create 1 slide explaining how to recognize an organization’s competencies and capabilities.
    • Citations and references must be given for all content sources.

Tutor Answer

School: UT Austin


Supply chain management- Outline
Thesis Statement: Supply chain management is the management of the activities of the
company in maximizing the value of the customers.

Supply Chain Tools and Techniques
A. Cloud software
B. OFBiz tools
C. Open boxes
D. Real time dashboard
E. Integration


Importance of Forecasting Demand
A. Customer satisfaction
B. Scheduling process
C. Stock outs


Identification and Satisfaction of Customer Needs

A. Conversations
B. Feedback
C. Consumer metrics

Organization Competencies and Capabilities

A. Sustainability
B. Competitive forces

Operations Management


Supply chain management is the management of the activities of
the company in maximizing the value of the custom...

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Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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