Reduction of the variety

Assignment Help Business Management
Reference no: EM133247208

Question

Reduction of the variety. Limiting the number of SKUs would make it easier to predict weekly product demand. Using historical numbers, the students calculated that when demands for similar colors could be aggregated, a 50% reduction of the variety would increase overall forecast accuracy to 72%. As variety had always been part of the value proposition, however, Dong wondered whether recent evolutions in machine-learning techniques alternatively could be used to obtain the same forecast accuracy improvements.

Reference no: EM133247208

Questions Cloud

Explain co-efficient of non-determination : Explain the co-efficient of non-determination for either of the two companies.
Particular industry improve firm productivity : Does exposure to competition with the world leader in a particular industry improve a firm's productivity?
Implementing an advocacy program : Discuss the steps involved in "Implementing an Advocacy Program" for an imaginary nonprofit you have founded to address hunger issues in a city.
Missions or what do we stand for anyway : Think about a company or not for profit that you admire or find interesting. Browse their website and find out what their mission statement says.
Reduction of the variety : Reduction of the variety. Limiting the number of SKUs would make it easier to predict weekly product demand.
Narcissistic leader and covenant leader : What is the organizational impact of a narcissistic leader and a covenant leader?
Comparative healthcare system swot analysis : you will be conducting SWOT analyses of the U.S. healthcare system and two (2) other international healthcare systems - three total SWOT analyses
What do you think of virtual business restaurant so far : What do you think of Virtual Business Restaurant so far? What was the hardest part about getting started?
Communities of color and develop meaningful programs : In a collaboration to pursue change in communities of color and develop meaningful programs in the city of Los Angeles a coalition of 11 professional sports

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd