Executive Summary
My decision is to find a methodology of calculating more accurate demand and supply figures to address the unpredictable world of short life cycle fashion. A good decision would result in minimizing the order cycle lead time necessary to produce the ski wear and have it delivered to retailers in time by establishing a method that would ensure each prediction as a personal decision making process and not the thoughts of a few strong-willed individuals. Another criterion would be by gathering data that would provide clear indication how end-consumers would respond to the company’s current line. A good solution would enable Obermeyer to decide on where and when to source each product (China vs. Hong Kong vs. an alternative
…show more content…
Their products were offered in five different genders: men’s, women’s, boys’, girls’, and preschoolers’. The company segments each “gender” market according to price, type of skier, and how “fashion-forward” the market was. Within each “gender”, numerous styles are offered, each in several colors and a range of sizes (See Exhibit 3 for examples).
List of issues with impact analysis
In the current situation, Obermeyer is facing four broad issues: production planning for their short life cycle products, operational changes to reduce costs of mismatched supply and demand, coordination issues in their global supply chain and a confusion of where to produce the garments – Hong Kong or China. The best way to mitigate the inability to meet the demand of retailers during peaks sales would be to forecast the demands with either past data or with the help of a forecasting committee. It would be ideal for Obermeyer to forecast future demand with the help of a forecasting committee. To come over the confusion of which city to continue production in, Obermeyer should choose to continue short term production in Hong Kong but the Long Term production should be in China. It is anticipated that a two years lead time of planning and production activity must take place prior to the actual sale of products to consumers. They are more highly skilled and typically trained in a
Wally is trying his best to setup a quick response system based on whatever little data he has based on past numbers and experience of his production managers and suppliers. He does not have the luxury of looking at retailer feedback in a timely fashion and the facts that the peak season for the line of business he’s in and that the supplier lead times are extremely long do not help him much. Despite some very aggressive moves to reduce lead times and to have a better forecasting model, Obermeyer has been unable to deal with the
The women's apparel market is highly competitive. With the launch of a new active-wear line from Harrington Collection's, more and more competitors will start to realise the potential value in in producing an active-wear line of their own. The active-wear market is growing so rapidly (expected to double turnover from 2007 to 2009), that eventually all of Harrington's competitors would likely be expected to launch a line of their own, relying on existing brand loyalty and high-scale advertising campaigns to capture market share and move units.
In order to Scott Sklar to come to an accurate demand forecast for a new men’s shirt, there is much information that is needed. First off Scott needs to look at the history of L.L. Beans new shirt line and see how the forecast met with the demand. This is necessary to gain a baseline of what has been the trend for previous
In this case study, Shawna an athletic training student evaluated an injury and made her diagnosis. Within a few days of the team returning to the university the same athlete Shawna had seen was back in the athletic training room, this time complaining of groin pain. Mary the certified athletic trainer on staff, evaluated the injury and determined that the athlete had a serious infection in his left leg. Being that Shawna is only a student and Mary is a certified AT, who do you believe is ethically responsible for missing the initial diagnosis?
This trait can be leveraged to build systems on par with the new technologies. An addition of 25% of personnel, expert in modern technologies and equipments would enhance the ability of the firm to start an e-business system that would enable LBS Textiles make a global presence, capture the national and international markets. Increase in the number of clients that LBS Textiles can reach out to will increase the volume of trade. The increase in trade brings in direct returns to the company. The expansion of markets and increase in clients indirectly increases the volume of sales and aid in boosting the returns to LBS Textiles. The company needs to evaluate the demand of the various demographics across the globe and develop newer attractive designs. The Research of newer technologies or designs to attract newer markets and wider demographics will incur expenses but the successful outcomes when channelized through the development teams produce the actual product for direct revenue generation.
During my junior year at Kent, I met one of the most hardworking people that I would probably ever meet. We met in the fall when we both tried out for JV soccer. Being both inexperienced and totally unfocused, it wasn’t much of a surprise when we both got cut. I know that it’s ironic that I’m calling this girl hardworking and then unfocused, but just hear me out. Getting cut from JV soccer was honestly the best thing that’s ever happened to me because otherwise I probably wouldn’t have become best friends with Nam Pham. We both dropped down to club soccer and even though Nam wasn’t the greatest at soccer, she always tried to make the most of it. Being on the field, she would always run for the ball and try to kick it even though most of the times, her kicks usually came in contact with someone’s shins instead of the ball. But her kicks were fierce and there’s me to vouch for that since one of her aggressive kicks came in contact with my shins.
One of the key roles of social media from a marketing perspective is the development of a client based platform. It is becoming an increasingly important part of any business’s marketing. Businesses can utilize existing online platforms to build networks of current and potential clients. By being active online allows businesses to connect with their customers in innovative ways to become a trusted source of information and convey the passion they have for their industry.
The first sport I was first introduced to was when I was seven years old, that sport was football. My family has always had a passion for football, every Sunday we would all sit down and watch all the games together. My mom’s favorite football team is the Patriots, and my dad is kind of a band wagoner. He used to like the Raiders but was too tired of loosing every week so he chose the Seahawks for this previous season. I fell in love with football the first game I saw, the big men crashing into each other and the running backs were the fastest runners I had ever seen. I just recently started to like hockey, I like the Ducks and go to a lot of their games with my boyfriend. I really like to watch contact sports, so sports like
Introduction Cultures are different around the world. There often is multiple cultures in a country. Greece’s culture is different in many ways from other cultures, for example family, tradition and religion are three of many key factors in Greece(www.everyculture.com). Family, tradition and religion can be popular values for other cultures too, but all cultures have different values. Families in Greece are affected by poverty, religion and tradition.
The 2016 elections and the subsequent legalization of recreational marijuana in California, Nevada, and Massachusetts show how constantly evolving attitudes regarding marijuana and regulations pertaining to marijuana practices are. Corresponding with constantly changing attitudes regarding marijuana, users are finding more novel ways to make the most of their plant products. Butane-extracts or butane hash-oil (BHO) products are potent marijuana concentrates (Bell, Slim, Flaten, Wiktor, & Monte, 2015) that require the liquid-gas butane as the catalyst in the process of extracting pure THC from marijuana plant product (Raber & Elzinga, 2015). At-home BHO labs are rising in their popularity (Rosenthal & Downs, 2014) due to the perceived ease
It has been identified that through sports psychology one can improve their physical ability and performance. Sports psychology is the study of how the mind, mental states and behaviour effect sporting performance. There are several sport psychology techniques, which have helped me become a better volleyball player. These techniques include planning for performance, controlling arousal levels, mental rehearsal and concentration.
In 448 AD, Greek writer and historian Priscus journeyed from Constantinople to meet with Attila the Hun. Pricus wrote down the events of his journey, leaving one of the few first-hand accounts of a diplomatic meeting with the Huns. His writings can tell us much about how the Huns interacted with other cultures and societies and how Attila—specifically—welcomed his guests to his court.
In earlier days sports psychology was mostly concerned with developing assessment methods that would identify those people with the potential to become serious superior athletes. Today the focus is on psychological training, exercises that strengthen the mental skills that will help athletic performances on the path to excellence. These skills include mental imagery and focus training. If an athlete is serious about becoming the best he or she can possibly be, the most essential ingredient is commitment to practice the right things. It takes incredible commitment to reach the top: a commitment to rest and train the body so it can perform under the most demanding conditions and a commitment to train the mind to
Sports and religion are things that can go together in many ways. Sports were founded on religion and were kept strong by religion. Now sport is taking over as religion almost in today's world. Sports can promote things that are not necessarily right according to God but we participate anyway. While how the mind and body are connected give another way of how sport is. Finally, we see that sports in a modern context have changed greatly and are ritual heavy one would almost say idolic. Religion and sports are both here to stay and they really are a way something that can unite everyone.
of those rare people who really knows how to "make things happen." I have gone