Short Term Planning and SCOR model Kit (Publication Date: 2024/02)

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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:



  • Has your organization recruiting and hiring strategy supported short and long term goals?
  • How do you develop the plans and budgets for your equipment in the long term and short term?
  • Did you meet your short term targets in terms of production times and quantities?


  • Key Features:


    • Comprehensive set of 1543 prioritized Short Term Planning requirements.
    • Extensive coverage of 130 Short Term Planning topic scopes.
    • In-depth analysis of 130 Short Term Planning step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 130 Short Term Planning case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Lead Time, Supply Chain Coordination, Artificial Intelligence, Performance Metrics, Customer Relationship, Global Sourcing, Smart Infrastructure, Leadership Development, Facility Layout, Adaptive Learning, Social Responsibility, Resource Allocation Model, Material Handling, Cash Flow, Project Profitability, Data Analytics, Strategic Sourcing, Production Scheduling, Packaging Design, Augmented Reality, Product Segmentation, Value Added Services, Communication Protocols, Product Life Cycle, Autonomous Vehicles, Collaborative Operations, Facility Location, Lead Time Variability, Robust Operations, Brand Reputation, SCOR model, Supply Chain Segmentation, Tactical Implementation, Reward Systems, Customs Compliance, Capacity Planning, Supply Chain Integration, Dealing With Complexity, Omnichannel Fulfillment, Collaboration Strategies, Quality Control, Last Mile Delivery, Manufacturing, Continuous Improvement, Stock Replenishment, Drone Delivery, Technology Adoption, Information Sharing, Supply Chain Complexity, Operational Performance, Product Safety, Shipment Tracking, Internet Of Things IoT, Cultural Considerations, Sustainable Supply Chain, Data Security, Risk Management, Artificial Intelligence in Supply Chain, Environmental Impact, Chain of Transfer, Workforce Optimization, Procurement Strategy, Supplier Selection, Supply Chain Education, After Sales Support, Reverse Logistics, Sustainability Impact, Process Control, International Trade, Process Improvement, Key Performance Measures, Trade Promotions, Regulatory Compliance, Disruption Planning, Core Motivation, Predictive Modeling, Country Specific Regulations, Long Term Planning, Dock To Dock Cycle Time, Outsourcing Strategies, Supply Chain Simulation, Demand Forecasting, Key Performance Indicator, Ethical Sourcing, Operational Efficiency, Forecasting Techniques, Distribution Network, Socially Responsible Supply Chain, Real Time Tracking, Circular Economy, Supply Chain, Predictive Maintenance, Information Technology, Market Demand, Supply Chain Analytics, Asset Utilization, Performance Evaluation, Business Continuity, Cost Reduction, Research Activities, Inventory Management, Supply Network, 3D Printing, Financial Management, Warehouse Operations, Return Management, Product Maintenance, Green Supply Chain, Product Design, Demand Planning, Stakeholder Buy In, Privacy Protection, Order Fulfillment, Inventory Replenishment, AI Development, Supply Chain Financing, Digital Twin, Short Term Planning, IT Staffing, Ethical Standards, Flexible Operations, Cloud Computing, Transformation Plan, Industry Standards, Process Automation, Supply Chain Efficiency, Systems Integration, Vendor Managed Inventory, Risk Mitigation, Supply Chain Collaboration




    Short Term Planning Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):


    Short Term Planning


    Short term planning involves setting specific, immediate goals and developing strategies to achieve them. This may include evaluating the effectiveness of the organization′s recruitment and hiring process in aligning with both short and long term goals.


    1. Review and revise recruitment strategy: ensure alignment with organizational goals and focus on hiring top talent. Benefits: improved workforce effectiveness and performance.

    2. Develop talent pipeline: establish relationships with potential candidates for future hiring needs. Benefits: reduced time and cost for filling vacancies.

    3. Implement retention strategies: provide competitive compensation, benefits, and development opportunities to retain top talent. Benefits: reduced turnover and increased employee satisfaction.

    4. Analyze turnover data: identify reasons for high turnover and take corrective actions to improve retention. Benefits: improved workforce stability and reduced recruitment costs.

    5. Create succession plans: identify and prepare current employees for key roles to support long-term organizational needs. Benefits: reduced risk of leadership gaps and continuity in critical roles.

    6. Use data-driven approach: analyze recruitment and workforce data to inform decision making and forecasting. Benefits: improved efficiency and effectiveness in attracting and retaining talent.

    7. Leverage technology: utilize applicant tracking systems and online platforms for efficient candidate sourcing, screening, and tracking. Benefits: streamlined recruitment processes and increased access to a wider pool of candidates.

    8. Encourage employee referrals: offer incentives for employees to refer qualified candidates for open positions. Benefits: improved quality of hires and reduced recruitment costs.

    9. Develop employer brand: promote a positive and attractive company image to attract and retain top talent. Benefits: improved employer reputation and increased candidate interest.

    10. Monitor and adjust: regularly review and adjust recruitment and hiring strategies based on changing organizational needs and market trends. Benefits: proactive approach to meeting talent demands and supporting organizational goals.

    CONTROL QUESTION: Has the organization recruiting and hiring strategy supported short and long term goals?


    Big Hairy Audacious Goal (BHAG) for 10 years from now:

    By the year 2030, our organization will have established itself as the top provider of sustainable and environmentally friendly products in the global market. We will have expanded our reach to every corner of the world and achieved a significant market share in all major industries. Our products will be known for their high quality, innovative design, and positive impact on the environment.

    As part of this goal, we will have successfully implemented a comprehensive recruiting and hiring strategy that prioritizes diversity and inclusivity in our workforce. This strategy will not only support our short term goals of increasing efficiency and profitability, but also align with our long term goal of creating a more sustainable and equitable world.

    Through targeted recruitment efforts, we will attract top talent from diverse backgrounds and provide them with ongoing training and development opportunities to grow within our organization. Our hiring process will also prioritize candidates who share our values and passion for sustainability, ensuring that our team is aligned and motivated towards achieving our BHAG.

    In addition, we will have implemented a mentorship program to support the growth and leadership potential of our employees. This will not only help us retain top talent, but also foster a culture of continuous learning and development within our organization.

    Overall, our recruiting and hiring strategy will be instrumental in helping us achieve our 10-year goal of becoming the global leader in sustainable products, while also creating a positive impact on our society and environment.

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    Short Term Planning Case Study/Use Case example - How to use:



    Synopsis:

    The organization in question is a global retail company with operations in multiple countries. The company has a workforce of over 50,000 employees and is consistently ranked among the top retailers in terms of revenue. The company′s short-term goal is to increase its market share in existing regions and expand into new markets. Their long-term goal is to become a leader in the retail industry by providing superior customer service and products.

    The organization has faced challenges in recent years with high employee turnover and difficulty in attracting and retaining top talent, especially in their international operations. This has led to significant costs in recruiting and training new employees, as well as a negative impact on overall employee morale and productivity. The leadership team recognized the need to review their recruiting and hiring strategy to ensure it aligns with their short and long-term goals.

    Consulting Methodology:

    To assess the effectiveness of the organization′s recruiting and hiring strategy, our consulting team conducted a comprehensive analysis using a combination of qualitative and quantitative research methods. These included interviews with key stakeholders, surveys of current and former employees, and data analysis of hiring and retention trends.

    We also conducted a benchmarking analysis to compare the organization′s recruiting and hiring practices with industry best practices. This allowed us to identify any gaps and areas for improvement in their strategy.

    Deliverables:

    1. Current State Analysis: Our consultants analyzed the organization′s current recruiting and hiring processes, including job postings, candidate screening and selection, onboarding, and retention efforts.

    2. Best Practices Comparison: We benchmarked the organization′s processes against industry-leading practices to identify any gaps and opportunities for improvement.

    3. Recommendations: Based on our analysis, we provided specific recommendations to enhance the organization′s recruiting and hiring strategy to align with their short and long-term goals.

    4. Implementation Plan: Our consultants worked closely with the organization′s HR team to develop an implementation plan, including timelines and action steps, to execute the recommended changes.

    Implementation Challenges:

    One of the main challenges faced during the implementation of our recommendations was resistance from the organization′s HR team. They were initially hesitant to implement drastic changes to their recruiting and hiring processes, as they were comfortable with their current methods. Our consultants addressed this challenge by providing data-driven insights and showcasing the potential impact of the proposed changes on the organization′s short and long-term goals.

    Another challenge was overcoming existing systems and processes that were deeply ingrained within the organization′s culture. To address this, we collaborated with the HR team to implement gradual changes and provide support and training to ensure a smooth transition.

    KPIs:

    1. Time-to-Hire: This metric measures the time taken to fill a vacancy from the initial job posting to the candidate′s acceptance of the offer. Our goal is to reduce the time-to-hire by at least 25%.

    2. Employee Turnover: We will track the organization′s employee turnover rate, including voluntary and involuntary attrition, to determine the impact of the changes in the recruiting and hiring strategy.

    3. Quality of Hires: Our consultants will work with the HR team to develop a process for measuring the quality of hires. This may include employee performance evaluations, manager feedback, and retention rates.

    4. Cost per Hire: We will track and compare the cost per hire before and after the implementation of our recommendations to determine the cost savings achieved through improved recruiting and hiring practices.

    Other Management Considerations:

    1. Change Management: Our consultants will work closely with the leadership team to ensure effective communication and stakeholder engagement during the implementation phase. We will also provide support and training to the HR team to help them adapt to the changes.

    2. Continuous Monitoring: Our consulting team will continue to monitor the organization′s recruiting and hiring processes and make necessary adjustments to ensure alignment with the short and long-term goals.

    3. Employee Feedback: We recommend conducting regular surveys to gather feedback from employees on their experience with the updated recruiting and hiring processes. This will help identify any areas for improvement and ensure employee satisfaction.

    Conclusion:

    Through our comprehensive analysis and recommendations, the organization was able to achieve significant improvements in their recruiting and hiring strategy. The implementation of our recommendations resulted in a 35% reduction in time-to-hire, a 20% decrease in employee turnover, and a 15% increase in the quality of hires. These improvements have had a positive impact on the organization′s short and long-term goals, as evidenced by increased customer satisfaction and improved financial performance.

    Citations:

    1. Bouwmeester, O., Jordans, W., & Stalco, J. (2017). The business case for strategic talent acquisition. Journal of Business Strategy, 38(4), 21-29.

    2. PricewaterhouseCoopers. (2020). Effective recruitment and selection techniques. Retrieved from https://www.pwc.com/gx/en/hr-management-services/publications/effects-of-recruiting-and-selecting-the-wrong-staff.html

    3. Society for Human Resource Management. (n.d.). Recruiting metrics. Retrieved from https://www.shrm.org/resourcesandtools/tools-and-samples/toolkits/pages/understandingandcommunicatingrecruitingmetrics.aspx

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