Nichols Cookie Company Essay

1096 words - 4 pages

Nichols Company Case Study PAGE \* MERGEFORMAT 1
Nichols Company Case StudyIntroductionNichols Company currently has 355 full-time employees who are responsible in manufacturing the three primary products: A, B, and C. With the demand of the products, the organization is an issue with having enough finished products in inventory. In the next couple paragraphs, I will summarize the case study along with determining which of the four primary forecasting techniques is the best choice for the company and justifying my selection. In addition, I will explain the impact of aggregate planning on workforce size inventory quantity and production levels for the company and moreover, weigh the various cost factors associated with carrying inventory. Furthermore, I will explain how the concepts discussed in the case can be applied to my workplace, and make recommendations for the organization based on my experience and reading.SummaryJoe Williams, president of Nichols Company, is having a frustrating issue with the inventory levels. With the inventory levels being high, the stock outs continue to occur; resulting in late deliveries, complaints and cancellations. Williams called a meeting with Barney Thompson, director of marketing, Allison Bright of production and inventory control, Trevor Hanson of purchasing, and Margaret Wu of accounting to resolve the issue. At the meeting, Bright mentioned that the marketing forecast were leading to unnecessary cost of overtime. Moreover, Bright required purchasing in bulk to meet the cost constraints. However, Barney Thompson complained that the delays in delivery and the lack of finished goods in inventory led to cancellation of orders and lower sales. Margaret Wu stressed the need to keep inventory levels low due to the higher costs of higher levels. Lastly, Wu stated, "we can't afford the holding costs, not to mention how fast technology changes around here causing even more inventory, much of it obsolete" (Chase, R. and Jacobs, R., 2006).Chosen Forecast TechniqueThe chosen forecast technique I have chosen for the organization would be the exponential smoothing because as the new data is added in these methods, the oldest observation is dropped, and the new forecast is calculated. In addition, the method is the most popular technique used compared to the other forecasting techniques. According to Chase and Jacobs, it is an integral part of virtually all computerized forecasting programs and it is widely used in ordering inventory in retail firms, wholesale companies and service agencies (2006). Moreover, there are six other reasons why the technique has been well accepted and these would include: exponential models are accurate, it is relatively easy to formulate an exponential model, users can understand how the model works, little computation is required to use the model, computer storage requirements are small, and tests for accuracy is easy to compute. Furthermore, there are only three pieces of information...

Find Another Essay On Nichols Cookie Company

charant Creon as the Main Character of Antigone

1231 words - 5 pages Creon as the Main Character of Antigone   Throughout the Greek play Antigone by Sophocles, there exists a dispute as to who should receive the designation of main character. Antigone, the daughter of the cursed King Oedipus, as well as Creon, stately king of Thebes, both appear as the key figures in this historic play. I believe that Creon, king of Thebes, should be considered the main character in this work of Greek theater. Three

Free Macbeth Essays: Sleep and Sleeplessness

525 words - 2 pages The Sleep and Sleeplessness Motif in Macbeth We have consciences that function to tell us the difference between right and wrong. If we have clear consciences, we usually possess the ability to sleep. But when our consciences are full of guilt, we experience a state of sleeplessness. In Macbeth, Shakespeare uses the sleep and sleeplessness motif to represent Macbeth's and Lady Macbeth's consciences and the effect Macbeth's conscience has on

Life Outside of Life in Hawthorne’s Wakefield

898 words - 4 pages Life Outside of Life in Hawthorne’s Wakefield   Efficacy lies at the heart of human desires for immortality. Characters throughout literature and art are depicted as wanting to step aside and see what their world would be like without their individual contributions. The literary classic A Christmas Carol and the more recent, but ageless, film It’s Wonderful Life both use outside influences (three ghosts and Clarence the Angel

Essay on Identity in Song of Solomon

2172 words - 9 pages Searching for Identity in Song of Solomon         Abstract: Whether Africans really fly or just escape a monumental burden, perhaps only through death, is a decision Toni Morrison has apparently left to her readers. Never the less, no matter what you believe, within Song of Solomon, the suggestion is, that in order to "fly" you must go back to the beginning, back to your roots. You must learn the "art" from the old messages.   O

The Character of Oedipus in Oedipus and The Infernal Machine

904 words - 4 pages The Character of Oedipus in Oedipus and The Infernal Machine    The stories of Oedipus, as told through Seneca's Oedipus and Cocteau's The Infernal Machine, contain both similarites and differences. Both authors portray the character of Oedipus as being obstinate, ignorant, and inquisitive. Yet Seneca and Cocteau differ on their interpretation of the motives that propelled these characteristics of Oedipus. Seneca portrays Oedipus as a

Okonkwo's Tragic Flaws in Chinua Achebe's Things Fall Apart

3121 words - 12 pages        An increasing amount of contemporary literature traces its origins back to the early works of Greece. For ages, humans have fascinated themselves with the impossible notion of perfection. Unrealistic expectations placed on those who were thought to be the noblest or most honorable individuals have repeatedly led to disappointment and frustration, either on the part of those particular individuals or those they influence. Classic

Sophocles' Antigone - Antigone Must Challenge Creon

889 words - 4 pages Antigone Must Challenge Creon in Antigone   In his "Funeral Oration" Pericles, Athens's leader in their war with other city-states, rallies the patriotism of his people by reminding them of the things they value. He encourages a sense of duty to Athens even to the point of self-sacrifice. He glorifies the free and democratic Athenian way of life and extravagantly praises those willing to die for it. In Antigone, Creon, Thebes's leader in

The Role of Women in Homer’s Iliad

796 words - 3 pages The Role of Women in Homer’s Iliad Homer’s Iliad is undoubtedly focused on its male characters: Achilles, primarily, but also Hector and Agamemnon. Nevertheless, it seems that the most crucial characters in the epic are female. Homer uses the characters of Thetis, Andromache, and Helen as a basis for comparison to the male characters. Homer wants his audience to see and understand the folly of his male characters in choosing war over peace

A Comparison of Butler's Life and Kindred

1915 words - 8 pages A Comparison of Butler's Life and Kindred   What lies in the mind of an author as he or she begins the long task of writing a fiction novel? This question can be answered if the author's life is studied and then compared to the work itself. Octavia E. Butler's life and her novel Kindred have remarkable comparisons. This essay will point out important events of Butler's life and how they link to the mentioned novel. Octavia Estelle

Pillars of Metaphorical Ambiguity in The Scarlet Letter

1439 words - 6 pages Pillars of Metaphorical Ambiguity in The Scarlet Letter Among the multiplicity of arcane elements hidden beneath the words in Hawthorne's "The Scarlet Letter", none is so apparent, yet strikingly subtle to the reader's perception and consumption of characterization than the allegorical play on words within the names of the characters.  Both the protagonist and her rival within the plot are blessed with conveniently appropriate, fitting

An Analysis of Robert Ji-Song Ku's Leda

2003 words - 8 pages An Analysis of Robert Ji-Song Ku's Leda       In Robert Ji-Song Ku's short story "Leda," the main character, Sorin, leads a life of imitation. He applies himself to his graduate studies in comparative literature a little too readily: he compares not just text to text; he also compares his life to text, to "works of literature" (Wong 281). If his life does not match that of at least one literary character on several levels of interpretation

Similar Essays

Reality And Illusion In Shakespeare's Hamlet Reality, Appearance And Deception

896 words - 4 pages Reality and Illusion in Hamlet   Shakespeare’s play, Hamlet, begins with the appearance of a ghost, an apparition, possibly a hallucination. Thus, from the beginning, Shakespeare presents the air of uncertainty, of the unnatural, which drives the action of the play and develops in the protagonist as a struggle to clarify what only seems to be absolute and what is actually reality. Hamlet's mind, therefore, becomes the central force of the

Sub Plots In Hamlet Essay

1118 words - 4 pages Sub-plots in Hamlet   There are many things that critics say make Hamlet a "Great Work," one of which is the way that Shakespeare masterfully incorporates so many sub-plots into the story, and ties them all into the main plot of Hamlet’s revenge of his father’s murder. By the end of Act I, not only is the main plot identified, but many other sub-plots are introduced. Among the sub-plots are trust in the Ghost of King Hamlet, Fortinbras, and

Hamlet As Victim And Hero Essay

1301 words - 5 pages . Kravitz, David. Who's Who in Greek and Roman Mythology. New York: Clarkson N. Potter, Inc., 1975. Lidz, Theodore. Hamlet's Enemy, Madness and Myth in Hamlet. New York: Basic Books, Inc., 1975. Shakespeare, William. Hamlet Prince of Denmark. A Pocketful of Plays. Vintage Drama. Ed. David Madden. Fort Worth: Harcourt Brace & Company, 1996. Wormhoudt, Arthur. Hamlet's Mouse Trap. A Psychoanalytical Study of the Drama. New York: Philosophical Library, Inc., 1956.  

Essay On Light And Dark In Antigone

1188 words - 5 pages Use of Light and Dark in Antigone   The "Golden Age" of Greece is noted for its many contributions to the creative world, especially in its development of the play. These performances strived to emphasize Greek morals, and were produced principally for this purpose. Antigone, by Sophocles, is typical. The moral focused on in Antigone is the conflict between physis (nature) and nomos (law), with physis ultimately presiding over nomos