Professional Documents
Culture Documents
Management
processes
Relationship Dimesnsions: Scope, Criticality, : More
based on equity)
Identifying Operational
Roles(interdependence of the parties,
sequential and reciprocal interdependence)
Creating effective contracts(anticipation for
future contingencies)
Designing effective conflict resolution
mechanism(proper communication of rules
and guidelines)
evaluating actions)
Fairness(disclosure of decisions)
Dispute resolution
procedure
Litigation (formal proceedings, abide by Law)-
distibutive opportunities)
Negotiation styles: Adversarial Negotiators,
Problem solving negotiator
Adversarial tactics
Extreme Openers- anchoring: anchoring effect
Few and small Concessions-Reciprocity: the
Cost Consideration
Hidden cost
Non cost consideration
Forecasting
response to forecast
It drives all business decisions
Planning requires organization of resources
Forecasting- the process of predicting future
events
Planning- the process of selecting actions in
anticipation of the forecast
Planning-Decisions
Scheduling existing resources
Determining future resource needs
Acquiring new resources
Demand management-the process of
influencing demand
Forecasting, planning and demand
management are interrelated
Forecasting Process
Principles of Forecasting: (Degree of
uncertainty)
1. Forecasts are rarely perfect
2. Forecasts are more accurate for groups than
individual items
3. Forecasts are more accurate for shorter than
longer time horizons
Steps: Forecasting
Process
Decide what to forecast
Analyze appropriate data
Level or Horizontal(for mature stage)
Trend (when data exhibit in decreasing or increasing
over time)
. Seasonality(pattern that repeats itself)
. Cycles (pattern created by economic fluctuation)
Data= Pattern+ Random Variation
3. Select the forecasting model(based on historical data)
4. Generate the forecast
5. Monitor forecast accuracy
1.
2.
.
.
Factors in Method
Selection
Amount and type of available data
Degree of accuracy required
Length of forecast horizon
Patterns in the data
Types Of Forecasting
Methods
Quantitative(Mathematical Modeling, objective, capable
Network and
System Design
firms
IT design-for data sharing, communication and
synchronization
Business process
It is a structured set of activities or steps with specified
outcomes.
Series of well coordinated activities
Design a particular output for customer
Every process has structural and resource constraints
returns, billing
System Constraints:
Equipment, people, processes, time, quality of work life, interpersonal
relation
Activities can be linked serially or parallel
Loss of time, money goods
Restructuring the supply chain is required
Solution:
1.
2.
3.
4.
5.
System variation
Variability in amount of output
It consumes resources, time, repetition of
activity
Solution:
1. Attempts to reduce such variation
2. Create buffers
3. Processes should be more flexible
4. Cross training should be given
Capacity Implications
Maximum amount of output that can be
achieved by a process
Units for capacity measurement can be size
and storage limit(Design and Effective
capacity)
3 step approach:
1.
2.
3.
ERP