Yankee Fork and Hoe Company Background Yankee Fork and Hoe Company is a leading producer of garden tools. The situation is that long time customers are experiencing frequent late shipments because of manufacturing issues which cannot fulfill customer demand. Phil Stanton‚ is in charge of inventory and is concerned about high costs and keeping the inventory low. However‚ Ron Adams‚ the marketing manager‚ is concerned about having enough rakes on hand for timely shipments. There is an agency
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Production and Operations Management‚ BUS 5461 Week 7 Case Study: Yankee Fork and Hoe Company Yankee Fork and Hoe Company A. Synopsis Yankee Fork and Hoe is a leading producer of garden tools which is a mature‚ cost sensitive market. Currently the firm is falling behind on on-time deliveries. This is due to the lack of utilizing a good forecasting method. Alan Roberts‚ the president of Yankee Fork and Hoe‚ has hired a consultant to look into the reasons why orders are not being fulfilled on time
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Business Brief Yankee Fork and Hoe Company produces garden tools and is the leader in this very competitive and mature industry. A large increase in sales is not likely in the industry so providing outstanding customer service for a high quality product is key to surviving in this industry. Lately‚ very important and valuable customers are receiving shipments late. This is a huge problem because these customers guarantee on time delivery to their customers. To look closer into the issue‚ I discussed
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Yankee Candle Company is the largest manufacturer of scented candles. The first store was first opened in 1975. Yankee Candle Company sells an array of products including scented candles‚ air and room fresheners‚ room sprays and lip balm. Yankee Candle Company has over 100 different scents in many various sizes. This spring Yankee Candle Company is introducing a new line of fragrances. The Spring into Action is a campaign that’s purpose is to help strengthen the brand Yankee Candle Company‚ promote
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I will be using the Yankee Candle Company‚ Inc. code of business conduct and ethnics to do this assignment. The things I would like to change are the wording of the code and who to contact. Clearly state how to monitor and train the employees on the code. Need to state what the consequence are if the code is violated and the consequence of false reporting. Not to include a waiver of ethnics. Change the workplace conduct to be more explicit on what constitute as ethnical behavior. Change the wording
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Yankee Candle Company History A simple gift from a young man to his mother is responsible for the birth of a successful company. That young man was Mike Kittredge he melted crayons to create a candle for his mother for Christmas. The creation was an instant hit with friends and neighbors and he found it difficult to keep up with the demand. The result of that simple gift to his mother turned into a multimillion dollar company. In 1969‚ a young man made a special gift for his mother; in 1999 the
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Comment on the forecasting system being used by Yankee. What would be the smoothing forecast for Yankee for Month 1 of Year 5 using the four Month 1 data points in each of the last 4 years using an alpha of .3. (the demand for Month 1 of year 1 is the most historical data point.) Do this manually setting the very first forecast equal to the very first demand value)
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Yankee Candle Company began in 1969‚ as penniless Mike Kittredge‚ age 16‚ melted crayons to form a candle as a Christmas present for his Mom. A neighbor‚ mesmerized by his fabulous creation‚ expressed her desire to purchase one of his candles; thus Yankee Candle Company was born. Mike used his parent’s basement‚ kitchen‚ and garage to produce his scented candles. Five years later‚ in 1974‚ Mike moved production into an old paper mill located in Holyoke‚ Massachusetts. In 1998 Forstmann Little & Company
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Q1) Comment on the forecasting method being used by Yankee? Suggest changes that you feel are justified? Ans1) Yankee presently is using the qualitative method for forecasting future demand. Qualitative method as we know is subject to experts’ intuition‚ experience‚ and opinions. So each person according to his/her past experience‚ forecasts the demand for the future. For example‚ Phil Stanton who is in the operations makes his decision of producing in the future on the basis of demand forecast
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PARADISE LOST 1. Dignity‚ reserve and stateliness Of Man’s first disobedience‚ and the fruit Of that forbidden Tree‚ whose mortal taste Brought death into the world‚ and all our woe‚ With loss of Eden‚ till one greater Man Restore us‚ and regain the blissful seat‚ Sing‚ Heavenly Muse (i. 1–6) 2. Sonorous‚ orotund voice O thou that‚ with surpassing glory crown’d Look’st from thy sole dominion like the god Of this new World. (iv. 32–34) 3. Inversion of the natural order of words and phrases
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