Summary - Book Report/Review Example

Download file to see previous pages... This is an attempt by the government to practice aggregate planning whereby they want to ensure that by the time people retire they have built up their pension. The government has come up with an aggregate plan on how they can reduce the amount of money they spend on pension. Increasing the age at which people will be retiring will cut government costs and therefore enable economic growth. Inventory Management “Home Depot Rolls out New Mobile Devices for Workers” by Joel Schectman Home depot has come up with a modern mobile device that will enable more workers to be able to assist customers. The device is supposed to help workers help customers locate items as well as get information on items. The device will enable home depot to be able to serve customers faster and serve new customers. The device also increases the speed of serving customers since the employees are able to scan items as customers wait on line. The device has brought huge changes in customer service at these stores (Schectman 2). The mobile device that home depot has adopted enables these stores be able to account for how much they have, and how much more they need. This is inventory management in practice and it enables organizations to calculate accurately their stock and the amount of purchases that are carried out daily. This enables them to be able to come up with accurate supply, and consequently, Home depot is able to do all this as a result of the mobile device that they have adopted. Capacity Planning “Bangkok Airport Draws New Complaints” by Newley Purnell An airport in Bangkok I going through some runaway repairs, which have been causing delays. This is said to have been caused by corruption during its construction that ended in 2006. There are also other complaints like the amount of time it takes to be cleared in immigration offices as well as lack of adequate bathrooms. The reason why this airport is highly criticized is that it serves six other airports in Thailand, an. this is said to be the reason it is in need of repair since it is used heavily. There is also the issue of capacity, the airport was built to accommodate 45 million passengers but now it accommodates more than 48 million fliers. This leads to delays because of congestion (Purnell 1). The Bangkok airport lacks capacity planning; this is because the airport management should have considered the capacity that will be needed in the future when they were constructing the airport. Capacity planning would have ensured that no more costs would be incurred in the future to expand the airport. Forecast “Forecast: New-Car Sales in June Highest in Five Years” by Jonathan Welsh There are expectations that the number of new cars that will be sold will increase. The increase is expected to be huge that it will be more than it has ever reached since 2007. Toyota and Honda’s sales are said to recover from the effects of tsunami and earthquake in Japan and Thailand. According to a forecasting company the retail cars sales will be rise to 16% compared to 6.9% in 2011 (Wels 2). Forecasting is an important part of organizations since it enables them to be able to predict the future this is done by studying various experiences and how they have affected the market. Forecasting enables organizat ...Download file to see next pagesRead More