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Essay / Research Paper Abstract
This is a 3 page paper which examines the issue of inventory control and supply of DeskJet Printers by Hewlett-Packard to the European market.
The bibliography has 2 sources.
Page Count:
3 pages (~225 words per page)
File: D0_JHHewl.rtf
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Unformatted sample text from the term paper:
flow of the product from the distribution centers to the European outlets has become problematic. Although the distribution centers are filled pallets of the DeskJet Printers, Hewlett-Packard in Europe
wants the inventory levels to be increased in an effort to maintain satisfactory product availability. To properly implement a plan that would meet this demand, Hewlett-Packards management team needs to
determine the best way to forecast variations in the market, how to manage their inventory and workforce and what cost factors need to be considered. FORECASTING TECHNIQUES Forecasting can be
classified into four basic types: qualitative, time series analysis, causal relationships, and simulation (Chase et al, 2004). Qualitative techniques are subjective or judgmental and are based on estimates and opinions.
Based on the information provided using the qualitative technique would supply the best analysis for determining the right decisions concerning inventory controls and supply. Hewlett-Packard has maintained accurate and
extensive records of past sales and services in the European market. Further, Hewlett-Packard has established and maintained records which determine the time necessary to customize the DeskJet Printer for
the European market. With the past records and information, Hewlett-Packard should be able to accurately estimate the future needs of the DeskJet Printers in Europe. EFFECT OF AGGREGATE PLANNING
Aggregate planning is the method by which companies translates their forecasts into a production plan. The purpose of aggregate planning is to match the supply of and the demand
for a product or service by determining the right quantities and the appropriate timing of inputs, transformation and outputs. Aggregate planning is responsible for making decisions on production, staffing, inventory
and backorder levels (Aggregate Planning, 2006). The aggregate plan determines the workforce level, the production rate and the inventory levels required to fulfill the target or goal of
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