Assume you own a retail shop (either a physical shop or an online market) and need to plan for your inventory. Choose a product and explain the issues and trade-offs involved (both demand and supply sides) in inventory management for that product. Discuss which of the inventory control models you would select to manage your inventory.

Share a real-world example of a firm that is using SCOR or Balanced Scorecard frameworks to evaluate/manage its supply chain performance. Provide a brief background about the firm, and discuss in detail how the framework helps the firm to improve/monitor its supply chain performance.

Identify a personal savings goal and a time frame for reaching it. Explain how your choice of housing will help you achieve your personal savings goal. Align your expenditures to support your goal. Reflect on how creating a step-by-step and organized approach to the assignment helps you adjust the financial priorities in your plan.
Download the Excel template below, which further breaks down the steps involved in this assignment. You will return the completed template as your Touchstone submission.

How does a project manager recognize risks to a project and apply risk management techniques to help minimize them? It is important to be able to first identify the risks and then understand their impact on an organization.

As a project manager, you will want to select the techniques that work the best for the project and the project team, such as brainstorming or a cause-and-eff€ect diagram. Risk management techniques help provide the project manager with an idea of possible areas of the project that could be affected, and which ones may need a risk evaluation.

Research risk management planning and the effect of the choice of methods on the overall predictability and assessment of risk. There are necessary steps when preparing an organization to assess risk. These include accepting a new cultural approach to incorporating risk management into all aspects of the company. A new cultural approach may involve meeting with stakeholders and discussing the need to change and modify existing culture to mitigate and eliminate risks. As a project manager, you must be able to lead the risk management process. You must analyze the organization’s current position, including its objectives and goals, and determine the direction required for prioritizing the risks for an organization. Typically, you would include key stakeholders, because they will impact the business decisions and assist in the evaluation of key areas in the management of risk for the company,

Given that the United States Census Bureau used sampling to check the accuracy of various census data, as a marketing researcher, discuss whether you believe a constitutional amendment should be passed to allow sampling in the decennial population count in the United States rather than the traditional head count. What are the advantages and disadvantages of sampling as it applies to the census?