Tag: focus

Categories
Writers Solution

Examine and assess the Revised ASA315 with a focus on identifying risks

AUDIT, ASSURANCE AND COMPLIANCE

WORD COUNT- 1000 TO 1500 WORDS

INSTRUCTIONS

ALLOCATED COMPANY: SONIC HEALTHCARE

Go to the website of your allocated company. Then, go to the Investor Relations section of the website. This section may be called: “””Investors”””, “”Shareholder Information”,” or similar titles. In this section, find the ‘company’s annual report and other related reports. Download the ‘firm’s latest annual report and other related information and reports and save it to your computer. For example, these reports may be dated 30 June 2021 or 30 June 2022.

Questions

Assume that you have been appointed as the external auditor for your allocated company for the financial year ending June 2021 or 2022. Prepare a report to adequately address the following:

Examine and assess the Revised ASA315 with a focus on identifying risks, including risks associated with information technology and the auditor’s obligation to utilize automated tools and techniques to perform the audit in a professional, effective and efficient manner

WE HAVE DONE THIS QUESTION BEFORE, WE CAN ALSO DO IT FOR YOU

GET SOLUTION FOR THIS ASSIGNMENT, Get Impressive Scores in Your Class on Examine and assess the Revised ASA315 with a focus on identifying risks

TO BE RE-WRITTEN FROM THE SCRATCH

Categories
Writers Solution

efforts turn from design and the focus moves to actual construction

Assignment: Academic Success and Professional Development Plan Part 4: Finalizing the Plan

At some point in every construction project, efforts turn from design and the focus moves to actual construction. With the vision in place and the tools secured, the blueprint can be finalized and approved. Then it is time to put on hardhats and begin work.

Throughout the course you have developed aspects of your Academic and Professional Development Plan. You have thought a great deal about your vision and goals, your academic and professional network of support, research strategies and other tools you will need, the integrity of your work, and the value of consulting the work of others. With your portfolio in place, it is now time to finalize your blueprint for success.

Much as builders remain cognizant of the building standards as they plan and begin construction, nurses must remain mindful of the formal standards of practice that govern their specialties. A good understanding of these standards can help ensure that your success plan includes any steps necessary to excel within your chosen specialty.

In this Assignment you will continue developing your Academic Success and Professional Development Plan by developing the final component–a review of your specialty standards of practice. You will also submit your final version of the document, including Parts 1–4.

Note : For students in Nursing Education, Executive Nursing, Nursing Informatics, or Public Health Nursing, this Assignment is the first Portfolio Assignment in your program. You will have one Portfolio Assignment in each of your courses. You will need to save these Assignments for inclusion in your portfolio that you will submit in your Capstone course.

To Prepare:

· Review the scope and standards of practice or competencies related to your chosen specialty in the resources for this week.

· Review the MSN specializations offered at Walden by viewing the week resource, Walden University. (n.d.). Master of Science in Nursing (MSN).

· Examine professional organizations related to the specialization you have chosen and identify at least one to focus on for this Assignment.

· Reflect on the thoughts you shared in the Discussion forum regarding your choice of a specialty, any challenges you have encountered in making this choice, and any feedback you have received from colleagues in the Discussion.

The Assignment:

Complete the following items and incorporate them into the final version of your Academic Success and Professional Development Plan.

· With the resources specific to the MSN specialization and the, Walden University. (n.d.). Master of Science in Nursing (MSN), shared in this week, write a paragraph or make a Nursing Specialty Comparison table, comparing at least two nursing specialties that include your selected specialization and second-preferred specialization.

· Write a 2- to 3-paragraph justification statement identifying your reasons for choosing your MSN specialization. Incorporate feedback you received from colleagues in this Week’s Discussion forum.

· Identify the professional organization related to your chosen specialization for this Assignment, and explain how you can become an active member of this organization.

Note:  Your final version of the Academic Success and Professional Development Plan should include all components as presented the Academic Success and Professional Development Plan template.

By Day 5

Submit Parts 1-4 of your Academic Success and Professional Development Plan

GET THE COMPLETED ASSIGNMENT

ASSIGNMENT COMPLETED AT CapitalEssayWriting.com

MAKE YOUR ORDER AND GET THE COMPLETED ORDER

CLICK HERE TO ORDER THIS PAPER AT CapitalEssayWriting.com on efforts turn from design and the focus moves to actual construction

NO PLAGIARISM, Get impressive Grades in Your Academic Work

Categories
Writers Solution

Creating a brand identity for a brand new clothing brand that focus on sustainable and fashionable and design three deliverables for the brand

GRAPIC DESIGN
Project case study content
The purpose of this project is creating a brand identity for a brand new clothing brand that focus on sustainable and fashionable and design three deliverables for the brand.
The three deliverable had been designed and done.
1. Project Outline (Design Problem, Project Objectives, Research, Stakeholders, Process, etc)
2. Project Design Process (what was your design processes and whether there were any issues during these
stages?)
3. Project Timeline (critical stages and deadlines and whether they were met, issues meeting them?)
4. Project deliverables (what was achieved? Can you validate the success of your deliverables)
5. Reflections and Evaluations (what could have been done better, what needs to be addressed in the future and
how will these outputs affect the project outcomes, how will they affect, influence, change the world we live in?)
I have a design proposal and I need to proceed my design proposal to a case study. Will be attach my design proposal and case study example.
I will be putting points for the case study needed an expert to detail it and make it more professional content. I will be putting all the contents together so don’t have to do the layout I will do that myself.
Here is one of the case study example.
https://issuu.com/shelbymoore3/docs/book_final_moores_uocasestudy_2020

WE HAVE DONE THIS ASSIGNMENT BEFORE, WE CAN ALSO DO IT FOR YOU

GET SOLUTION FOR THIS ASSIGNMENT, Get Impressive Scores in Your Class

CLICK HERE TO MAKE YOUR ORDER on Creating a brand identity for a brand new clothing brand that focus on sustainable and fashionable and design three deliverables for the brand

Are You looking for Assignment and Homework Writing help? We Provide High-Quality Academic Papers at Affordable Rates. No Plagiarism.

TO BE RE-WRITTEN FROM THE SCRATCH

Categories
Writers Solution

Are there any magnet schools in your school district? If so, what focus do these schools have?

There are many alternatives to “traditional” education, such as home schooling, private schools, magnets, etc. Are there any magnet schools in your school district? If so, what focus do these schools have? In this short paper, reflect on what it might be like to be involved in a magnet program. (If you do not have magnet schools in your district, you can do a web search to find a school and review their program online.) Provide at least one example.

For this Assignment, you will:

Discuss whether there are magnets in your school district or state. (1 paragraph)
You can use the following link to help determine national and local growth as it relates to this Assignment (https://nces.ed.gov/fastfacts/display.asp?id=30).
Choose one magnet school, describe the program, and provide the link to the website. (1-2 paragraphs)
Reflect on what it might be like to be involved in a magnet program. (1 paragraph)
Create your assignment in Microsoft® Word® and use APA style for formatting (including a cover page and running header), citations, and references.

Please note: This is a short, focused assignment that should contain a maximum of 4 paragraphs. It should be no longer than 1½ pages (double spaced), excluding cover page and references.

WE HAVE DONE THIS QUESTION BEFORE, WE CAN ALSO DO IT FOR YOU

GET SOLUTION FOR THIS ASSIGNMENT, Get Impressive Scores in Your Class

CLICK HERE TO MAKE YOUR ORDER on Are there any magnet schools in your school district? If so, what focus do these schools have?

TO BE RE-WRITTEN FROM THE SCRATCH

Categories
Writers Solution

What is the central focus or big idea of the lesson?      

Be certain to attach any handouts, activities, templates, PPT decks that will be utilized with this lesson.

Central Focus for the learning segment: What is the central focus or big idea of the lesson?      
Content Standard(s):  State Standards (CCLS, NGSS, etc.) List the number and text of the standard. If only a portion of a standard is being addressed, then only list the relevant part(s).        
ITSE Technology Standard(s): Visit http://www.iste.org/standards/standards/for-students-2016 to determine the applicable standard(s) for this lesson. If only a portion of a standard is being addressed, then only list the relevant part(s).
Learning Objectives: Thinking Skill – What cognitive process(es) will students be engaged in during the lesson? Refer to Bloom’s Taxonomy or Depth of Knowledge. Content – What content will students have access to during this lesson? Refer to the standards referenced above. Product –What will students know and be able to do by the end of the lesson?      
Language Development: Language Objectives – What will students be expected to utilize when illustrating or demonstrating understanding? Vocabulary – What key vocabulary is in the lesson?
Materials/Resources: Provide a list of the materials and resources you will use as sources of input for the students during this lesson.  At least one resource must be technology used for instructional purposes that is supported by the ITSE standard(s) referenced above.    
Context:  Knowledge of Students: Prior learning and Prerequisite Skills: What prior knowledge do students need to use and build upon to be successful? Misconceptions: Identify common misconceptions regarding the concepts that are addressed in the lesson.Explain how your plans linked student’s prior academic learning and personal/cultural/community assets to new learning.      
Plan Details: Write a detailed plan that describes the procedure of your class session including model of instruction, conceptual/skill development, activities, questions, and conclusion.      
Instructional Strategies and Learning Tasks:  How will you support diverse student needs? Include what you and students will be doing:      
Differentiation and planned universal supports: What will you use for the whole class, individuals, and/or students with specific learning needs? How will you address the needs of GATE, EL, or students with special needs during this lesson? Students with IEP or 504 must be included indicating necessary supports to achieve the learning objectives.      
Literacy Skills & Strategies :  A. Literacy Strategies: Identify at least one strategy used to help students comprehend and/or compose text within the lesson. B. Skills: Identify the requisite literacy skills students will develop and practice while learning the identified literacy strategy. C. Connection between Reading/Writing: Identify how your lesson helps student make the connection between reading and writing.      
Type of Student Assessments and what is being assessed: How will you know whether students are making progress towards the learning goal(s) and how will you assess the extent to which they have met the goal(s)? You must justify at least 2 formative or summative assessment strategies that occur in your plan. You must describe how the assessment is aligned with the stated objectives, which objective(s) it is assessing, how the strategy provides evidence of student understanding, and how you will provide feedback to the student on each of the 2 assessment strategies. Formative Assessment:      What objective(s) is this assessing? How will you know students have mastered the objective(s)? Summative Assessment:      What objective (s) is this assessing? How will you know students have mastered the objective(s)? Modifications to the Assessments for students with diverse needs:       
Evaluation Criteria and/or Rubric:        
Relevant theories and/or research best practices:       APA References:
Lesson Timeline:        
GET THE COMPLETED ASSIGNMENT
ASSIGNMENT COMPLETED AT CapitalEssayWriting.com
MAKE YOUR ORDER AND GET THE COMPLETED ORDER
CLICK HERE TO ORDER THIS PAPER AT CapitalEssayWriting.com ON
Explain multicultural communication and its origins
NO PLAGIARISM, Get impressive Grades in Your Academic Work
Categories
Writers Solution

current trends in technological innovation and then focus the report on one innovation in detail.

Assessment 1: Report
Group/individual: Individual
Word count / Time provided: 2500
Weighting: 30%
Unit Learning Outcomes: ULO-1, ULO-2, ULO-3, ULO-5
Assessment Details:
During the global pandemic, digital technologies are playing a crucial role in supporting us in the fight against COVID-19 and keeping our society functional. Write a report on current trends on technological innovation that has helped in the fight against Covid-19 and build a resilient society. Identify five examples of current trends in technological innovation and then focus the report on one innovation in detail. In addition, identify one company that is using that technological innovation for its competitive advantage and discuss in detail its application. You must be able to identify and synthesise relevant information. You should examine and critically evaluate the most relevant, recent, and scholarly research on a topic (in this case, current trends on technological innovation to combat COVID-19 and continue business as usual). Write the report by following the structure: an introduction, a series of body paragraphs, and a conclusion.
In this assessment, you will have to complete the following tasks:
a. In the introduction, you will have to discuss about current pandemic crisis in brief and how the businesses are keeping our society functional with current and emerging technological. Identify FIVE examples of current technological trends and emerging technological trends and discuss their effect on how we do business, work, trade, learn, seek medical services or entertain for example.
b. In the body of the paragraphs, you will have to identify one current technological trend of your choice and discuss in detail about that technological innovation. Identify the source of technological innovation and type of technological innovation (whether it is incremental or radical; disruptive or sustaining etc). In addition, you will have to identify a company that uses that technological innovation for its competitive advantage and discuss in detail its application including its advantages and disadvantages. Furthermore, identify and discuss where in the technological cycles, does this technological innovation lies and why? (Refer to lecture 2 for technology cycles).
For this part of the assessments, you will have to conduct literature search from current and credible resources to describe one latest innovative technology useful for business information system.
c. In concluding paragraph, you will have to summarise and link the arguments presented in the body to form sound and logical conclusions.
For successful completion of this assessment, you are required to study the material provided (lecture slides, tutorials, and reading materials), engage in the unit’s activities, and in the class discussion. The prescribed textbook is the main reference along with the recommended reading material. Students are expected to discuss their work with lecturer and to seek support.
Marking criteria and Rubric: The assessment 2 – Report A will be marked out of 100 and will be weighted 30% of the total unit mark.
Marking Criteria Not satisfactory
(0-49%) of the criterion mark) Satisfactory
(50-64%) of the criterion mark Good
(65-74%) of the criterion mark Very Good
(75-84%) of the criterion mark Excellent
(85-100%) of the criterion mark
Identifies and discusses by giving examples on the current and emerging technological trends to keep society functional amid COVID-19 pandemic. (30 marks) Poor identification and discussion without any examples on the current and emerging technological trends to keep society functional during COVID19 pandemic. Partially identifies and discusses with only one example on the current technological trends to keep society functional amid COVID19 pandemic. Good identification and discussion on the current technological trends to keep society functional with two or more examples during
COVID-19 An excellent identification and discussion on the current
technological trends to keep society functional with five examples Outstanding identification and discussion on the current technological trends in business to keep society functional with more than five examples.
Critical analysis presented.
Discusses in detail about one technological trend with example of a company using that technological innovation for its competitive advantage during COVIC-19 pandemic. (30 marks) Poor identification and discussion of one technological trend during COVIC-19 pandemic. Partially identifies and discusses one technological trend with example of a company using that technological innovation during COVIC-19 pandemic. Good identification and discussion of one technological trend with example of a company using that technological innovation during COVID-19 pandemic. An excellent identification and discussion on one technological trend in detail with example of a company of a company using that technological innovation for its competitive advantage during COVID-19 pandemic. Outstanding identification and discussion on one technological trend in detail with example of a company using that technological innovation for its competitive advantage during COVID-19 pandemic.
Identification and discussion of sources and types of technological innovation (10 marks) Poor Identification and discussion of sources and types of technological innovation Basic Identification and discussion of sources and types of technological innovation Good Identification and discussion of sources and types of technological innovation An excellent Identification and discussion of sources and types of technological innovation Outstanding Identification and discussion of sources and types of technological innovation
Use of references
Integrates evidence-based literature throughout the report to support the discussion with correct referencing (Harvard Author Date system
(15 marks) No or very few sources have been used and they are of poor academic quality and not relevant to the themes of the unit and chosen topic Significant work is required to make citation and list of references consistent with Harvard Author Date system Inadequate sources have been used and they are of poor academic quality and not relevant to the themes of the unit chosen topic. There is little evidence of reading outside the unit. Significant work is required to make citation and list of references consistent with Harvard Author Date system Literature sources are not of high quality or current and not clearly relevant to themes of the unit and chosen topic. There is some evidence of reading outside the unit.
Some work is required to make citation and list of references consistent with Harvard Author Date system Literature is current and used from quality sources.
The student has reviewed widely on the chosen topic. There is an evidence of critical analysis of literature reviewed Intext citation and list of references mostly compliant with Harvard Author Date system Literature is current and used from quality sources. The student has reviewed widely on the chosen topic, beyond the unit resources. A critical analysis of literature is well integrated.
In-text citation and list of references compliant with Harvard Author Date system.
Written expression and presentation
Writes clearly and succinctly in an appropriate academic style. Quality of assessment presentation Demonstrates appropriate use of language, grammar, spelling, and punctuation. (15 marks) The paper lacks transition and therefore difficult to read and understand. Poorly formatted and presented. Inadequate use of language, grammar, spelling, and punctuation The paper lacks consistent transition. Some paragraphs appear unrelated to the preceding ones or to the topic. Fair formatting, acceptable presentation. There are few grammatical error and unintentional errors in acknowledging sources.
The report is written with some transition. Standard formatting, good presentation. The report exhibits appropriate use of language, grammar, spelling, punctuation
References are credited well and used appropriately.
The report is written with a good transition, which is evident from a structure that includes introduction, body and conclusion. Well formatted, attractive presentation. The report exhibits accurate use of language, grammar, spelling, punctuation. References are credited well and used appropriately.
This report is written with a good transition, in a persuasive, which is evident from a clear structure that includes introduction, body and conclusion. The report exhibits exceptional ability in use of correct language. grammar, spelling and punctuation. References are credited well and used appropriately

GET SOLUTION FOR THIS ASSIGNMENT, Get Impressive Scores in Your Class

CLICK HERE TO MAKE YOUR ORDER

TO BE RE-WRITTEN FROM THE SCRATCH

GET SOLUTION FOR THIS ASSIGNMENT

CLICK HERE TO MAKE YOUR ORDER

TO BE RE-WRITTEN FROM THE SCRATCH

NO PLAGIARISM

  • Original and non-plagiarized custom papers- Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
  • Timely Delivery– primewritersbay.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
  • Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
  • Confidential- It’s secure to place an order at primewritersbay.com We won’t reveal your private information to anyone else.
  • Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
  • Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. current trends in technological innovation and then focus the report on one innovation in detail.

Get Professionally Written Papers From The Writing Experts 

Green Order Now Button PNG Image | Transparent PNG Free Download on SeekPNG Our Zero Plagiarism Policy | New Essays
Categories
Writers Solution

We learned that e-mail is a major area of focus for information governance (IG) efforts, and has become the most common business software application and the backbone of business communications today

1) We learned that e-mail is a major area of focus for information governance (IG) efforts, and has become the most common business software application and the backbone of business communications today.  In addition, the authors provided details to support their position by providing 2013 survey results from 2,400 corporate e-mail users from a global perspective.  The results indicated that two-thirds of the respondents stated that e-mail was their favorite form of business communication which surpassed not only social media but also telephone and in-person contact. 

 With this detail in mind, briefly state why the e-Mail has become a critical component for IG implementation? Support with references and do your usual critical review of at least 2 other students’ posts.

Please make your initial post and two response posts substantive. A substantive post will do at least two of the following:

  • Ask an interesting, thoughtful question pertaining to the topic

2)Your readings in Chapter 9 this week, as well as the handout discussing the risk companies face over unstructured data raises concerns that need to be addressed when a company uses social media. 

With your industry in mind, identify and discuss these concerns and address how this can be effectively handled. Support with references and do your usual critical review of at least 2 other students’ posts.

Please make your initial post and two response posts substantive. A substantive post will do at least two of the following:

  • Ask an interesting, thoughtful question pertaining to the topic
  • Answer a question (in detail) posted by another student or the instructor
  • Provide extensive additional information on the topic
  • Explain, define, or analyze the topic in detail
  • Share an applicable personal experience
  • Provide an outside source (for example, an article from the UC Library) that applies to the topic, along with additional information about the topic or the source (please cite properly in APA)
  • Make an argument concerning the topic.

At least one scholarly source should be used in the initial discussion thread. Be sure to use information from your readings and other sources from the UC Library. Use proper citations and references in your post.

  • Answer a question (in detail) posted by another student or the instructor
  • Provide extensive additional information on the topic
  • Explain, define, or analyze the topic in detail
  • Share an applicable personal experience
  • Provide an outside source (for example, an article from the UC Library) that applies to the topic, along with additional information about the topic or the source (please cite properly in APA)
  • Make an argument concerning the topic

  • GET SOLUTION FOR THIS ASSIGNMENT

    CLICK HERE TO MAKE YOUR ORDER

    TO BE RE-WRITTEN FROM THE SCRATCH

    NO PLAGIARISM

    • Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
    • Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
    • Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
    • Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
    • Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
    • Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. business software application and the backbone of business communications today
    • Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services.

    Get Professionally Written Papers From The Writing Experts 

    Green Order Now Button PNG Image | Transparent PNG Free Download on SeekPNG Our Zero Plagiarism Policy | New Essays
Categories
Writers Solution

Focus your analysis on demonstrating how the filmmaker use film-specific rhetorical strategies in their attempt to advance their argument

Food, Inc.
  1. Your paper should be based on Food Inc.
  2. Focus your analysis on demonstrating how the filmmaker use film-specific rhetorical strategies in their attempt to advance their argument
  3. Don’t overlook an thorough discussion of the appeals
  4. Note the broad nature of these audiences because it will be important as you make a case for rhetorical effectiveness
  6. Assignment status: Solved by our Writing Team at CapitalEssayWriting.com
  8. CLICK HERE TO ORDER THIS PAPER AT CapitalEssayWriting.com
Categories
Writers Solution

A mission statement is “a written declaration of an organization’s core purpose and focus that normally remains unchanged over time.

Make sure to provide scholarly and educational material and work that is engaging and substantive.

A substantive reply includes at least 150 words (PER THREAD) analyzing the thread as well as adding to the research and concepts put forth in that thread. The goal is to create meaningful discussion. To simply restate the idea already put forth or to concur with the first reply is not adding substantial discussion. That is why it is good to do additional outside research.

Thread #1 – Read & Reply

DEFINITION

A mission statement is “a written declaration of an organization’s core purpose and focus that normally remains unchanged over time. Properly crafted mission statements (1) serve as filters to separate what is important from what is not, (2) clearly state which markets will be served and how, and (3) communicate a sense of intended direction to the entire organization” (http://www.businessdictionary/definition/mission-statement.html).

SUMMARY

In her article, “When You Fear Your Company Has Forgotten Its Principles”, Sue Shellenbarger discusses the importance of speaking up when it seems like the organization you are with is going against its mission statement and principles. According to Shaellenbarger, companies often inflate their mission statements in an attempt to inspire and encourage a feel good environment, and this can backfire. In a pursuit to fulfill the mission, people will often go against organizational principles to get there, in a sense making the mission statement itself null and void.

Shellenbarger discusses several examples of situations in which employees spoke up and questioned the organization. When this happen, employees do put their jobs at risk, face ridicule, and are often seen as disloyal. She offers advice on how to approach your organization in a positive manner. For instance, keep any of your arguments calm and civil, have respect for other opinions, and acknowledge any flaws in your opinion. She always suggests framing your opinion as something that is positive and will benefit everyone.

DISCUSSION

Mission statements do attract employees. If someone sees that an organization’s mission statement and principles are in line with their own, this will greatly increase the likelihood that they will accept a position with that organization.

As with everything in business, Christians should approach and state their concerns in a calm and positive way, but they should definitely approach. On average, a person spends forty hours a week at their place of employment. If the organization’s principles are out of line with their mission statement, that can be very discouraging and stressful to the individual who was drawn to the organization by the mission.

The author gave a great example about how to be creative and add strength to your argument. In the last few years, a large pharmacy chain stopped selling cigarettes because it was out of line with the mission, and someone was willing to bring the concern to higher authorities. The person did not focus on how obvious it was that selling cigarettes is in conflict with their mission. Also, if they quit selling cigarettes, it probably would not make people quit smoking. However, to put a positive spin on it, they pointed out that their willingness to stop selling could attract more healthy people into their store to support their decision.

THREAD 2#

Nestle

In today’s extremely competitive business environment, companies have to be well equipped with necessary strategies and plans on how to stay successful and at the top of the game.  Regardless if a business is small, large, or even global, its internal and external environments are constantly changing, and managers must plan and strategies accordingly to accommodate and compensate for those changes.   One strategy that will be greatly beneficial for any type of business is digital forecasting. During forecasting, managers and top leaders become aware of their weaknesses and through implementing better effective controls they can overcome these weaknesses with proper forecasting steps.

One company that has successfully updated its forecasting strategies to meet future demands is Nestle.  The article How Demand-Driven Forecasting paid off for Nestle by Freddie Pierce, discusses how through help from: “innovator and expert in sales forecasting Charles Chase has helped Nestlé improve its forecast accuracy and make multi-million dollar reductions in their inventory by removing human judgement and enabling the predicting of future demand through ‘demand shaping” (www.supplychaindigital.com).  Mr. Chase created technology that senses demand signals verses trend and seasonality, which instantly informs a business of what demand signals are actually influencing consumers’ purchasing of products up and down a scale. This program allows Nestle to use ‘what if’ scenarios and measure the effect of advertising and price.  Nestle’s goal was to have the ability to: “sense demand signals associated with sales promotions, price, advertising, in-store merchandising and economic factors to better understand what things influence consumers to buy their products”(www.supplychaindigital.com).  Once this measurement was done mathematically, their next step was to use this information to run ‘what-if’ scenarios to shape future demand.

All in all, Nestle’s decision to update its forecasting on a digital platform has paid off. According to the article: “Today, 80 percent of the Nestlé’s forecasts are driven right out of the solution with no human judgement at all … They were eventually able to take out anywhere between 14- 20 percent of their inventory safety stock, reduce it and still meet consumer demand with this improved forecasting capability” (www.supplychaindigital.com).

Reference

https://www.supplychaindigital.com/logistics/how-demand-driven-forecasting-paid-nestle