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Forecasting Demand and Employee Supply

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Discuss what the major Forecasting Demand and Employee Supply approaches are about. Address what types of Forecasting Demand and Employee Supply approaches are used in an organization you are familiar with (example: retail store) and if are there any HR Information Systems that might help this organization plan better.

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The two major forms of forecasting demand and employee supply is assessing short-term and long-term needs (reference below). Short-term forecasting involves immediate needs over a fiscal period (calendar year or "rolling" year); whereas long-term forecasting goes beyond a year and may have a duration of several years up to five years. Short-term may focus on the cyclical nature of the business and long-term likely involves succession planning for upcoming retirements. Both approaches are critical to an organization's ...

Solution Summary

This solution is over 300 words and includes a reference, thoroughly addressing how organizations can forecast demand for their good or service, and utilize a systematic approach to ensure employee supply can fulfill this demand. The solution also utilizes a "real life" example - a retail store.

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Supply Chain Management

I have 4 questions on Sport Obermeyer case study that I need help with. I have attached the questions and the case study (questions can also be seen below - note: one question has 3 parts).

** The case study is in 3 zip files, titled by their page numbers. **


Sport Obermeyer Case Questions

1. What makes it difficult for Sport Obermeyer to match supply with demand? What factors and trends are aggravating the situation? You should be sure to look at both sides of the equation - supply and demand.

2. Identify the elements of over and under-stocking costs and risks in this case. What are the key factors that contribute to these costs and risks

3. What operational and forecasting changes would you recommend to Wally to improve performance? There is only so much that can be done with respect to improving forecasting accuracy - so focus on the operational side of things. Please be specific with respect to the problems of matching supply with demand. That is, what can you recommend that will either improve Sport Obermeyer's ability to match supply with demand or reduce the costs associated with mismatches. Please note that:

a) It is not sufficient to merely list a set of recommendations (although this is a good starting point). You must clarify how recommendations address the major issues/concerns you listed in question one and two.

b) Recommendations must be reasonable, practical, and viable. In addition, the value of your recommendation will be measured in terms of its likelihood for success. Consider your recommendation from the perspective of employees and management of Sport Obermeyer, as well as the other supply chain partners.

c) Often a recommendation (decision) will have some negative consequences or involve some compromise (e.g. improve service, but at a higher cost). Solid recommendations will address both positive and negative consequences and support/justify your recommendation with case facts, course concepts, and good old logic.

4. Assume that you are Wally, create the initial order (November) for the 10 ski suits and explain your reasoning. That is, what factors are you considering when you place your production order in November (e.g. why make more of some and less of others?). Note that you are also making a timing decision - half of the 20,000 units need to be produced in the period between November and March, the remaining 50% after the Las Vegas Show.

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