01/05 Cutting Edge Project - Instructions Cutting Edge Project Study the case (Cutting edge Case study) and download the data files: (Cutting Edge Student File 1) and (Cutting Edge Student File 2)...

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01/05 Cutting Edge Project - Instructions Cutting Edge Project   Study the case (Cutting edge Case study) and download the data files:  (Cutting Edge Student File 1) and (Cutting Edge Student File 2)  Follow the (Cutting Edge Instructions doc) to analyze the case.  Prepare a business memo to report and discuss your findings on this case and answer the case questions.  Follow APA 6 style to prepare the report.   Here you can find the rubric: (Cutting edge rubric) CUTTING EDGE RUBRIC Performance Criteria Does not Meet Basic Criterion Developing Proficient Exemplary Identify the problem (Q1a-Q1c) Does not identify the problem, or does not identify the right problem. (0-.05 pts) Identifies symptoms and/ or some elements of the problem. (0.6-1.5 pts) Substantially identifies the problem. (1.6-2.5 pts) Effectively and succinctly identifies the problem. (2.6-3 pts) Describe assumptions and methods (Q2a-Q2e) Does not describe assumptions and methods used (0 pts) Somewhat describes assumptions and methods used (0.1-1.0 pts) Substantially describes assumptions and methods used (1.1-1.5 pts) Effectively describes assumptions and methods used (1.6-2 pts) Calculate results using a spreadsheet (Q3a-Q3c) Does not calculate appropriate results and/or does not provide evidence of calculations (0 pt) Calculates appropriate results using a spreadsheet (not all answers are correct) (0.1-4 pts) Calculates appropriate results using a spreadsheet (most answers are correct) (4.1-5 pts) Effectively calculates results using a spreadsheet (all answers are correct) (5.1-6 pts) Explain implications of output of spreadsheet analysis (Q2a-Q2e) Does not explain implications of analysis output (0 pt) Partially explains implications of analysis output (0.1-1 pts) Substantially explains implications of analysis output (1.1-1.5 pts) Effectively explains implications of analysis output (1.6-2 pts) Generate recommendations based on analysis and context (Q2f, Q3d) Does not generate appropriate recommendations and does not justify conclusions. (0 pt) Generates recommendations (does not justify conclusions); or vice versa. (0.1-2.5 pts) Partially: *generates and justifies recommendations based on analysis and context; and *justifies conclusions. (2.6-4 pts) Effectively: *generates and justifies recommendations based on analysis and context; and *justifies conclusions. (4.1-5 pts) Uses prescribed format (including cover sheet) and writing style (language, grammar, punctuation, and spelling). Uses APA format Does not use prescribed format and writing style. Does not apply APA style. (0 pt) May use prescribed format OR writing style (only one) OR does not apply APA style. (0.1-1 pts) Generally uses prescribed format and writing style. Partially applies APA style to references (1.1-1.5 pts) Effectively uses prescribed format and writing style. Effectively applies APA style to all references. (1.6-2 pts) 1 Cutting Edge This case was adapted from Hiller, Frederick S. & Mark S. Hillier (2014). Introduction to Management Science: A Modeling and Case Studies Approach with Spreadsheets, 5th ed., McGraw-Hill/Irwin, pp 429-432. Mark Lawrence has been pursuing a vision for more than two years. This pursuit began when he became frustrated in his role as director of Human Resources at Cutting Edge, a large company manufacturing computers and computer peripherals. At that time the Human Resources Department under his direction provided records and benefits administration to the 60,000 Cutting Edge employees throughout the United States, and 35 separate records and benefits administration centers existed across the country. Employees contact these records and benefits centers to obtain information about dental plans and stock options, change tax forms and personal information, and process leaves of absence and retirements. The decentralization of these administration centers caused numerous headaches for Mark. He had to deal with employee complaints often since each center interpreted company policies differently – communicating inconsistent and sometimes inaccurate answers to employees. His department also suffered high operating costs since operating 35 separate centers created inefficiency. His vision? To centralize records and benefits administration by establishing one administration center. This centralized records and benefits administration center would perform two distinct functions: data management and customer service. The data management function would include updating employee records after performance reviews and maintaining the human resource management system. The customer service function would include establishing a call center to answer employee questions concerning records and benefits and to process records and benefits changes over the phone. One year after proposing his vision to management, Mark received the go-ahead from Cutting Edge corporate headquarters. He prepared his “to do” list – specifying computer and phone systems requirements, installing hardware and software, integrating data from the 35 separate administration centers, standardizing record-keeping and response procedures, and staffing the administration center. Mark delegated the systems requirements, installation, and integration jobs to a competent group of technology specialists. He took on the responsibility of standardizing procedures and staffing the administration center. Mark had spent many years in human resources and therefore had little problem with standardizing record-keeping and response procedures. He encountered trouble in determining the number of representatives needed to staff the center, however. He was particularly worried about staffing the call center since the representatives answering phones interact directly with customers – the 60,000 Cutting Edge employees. The customer service representatives would receive extensive training so that they would know the records and benefits policies backwards and forwards – enabling them to answer questions accurately and process changes efficiently. Overstaffing would cause Mark to suffer the high costs of training unneeded representatives and paying the surplus representatives the high salaries that go along with such an intense job. Understaffing would cause Mark to continue to suffer the headaches from customer complaints – something he definitely wanted to avoid. The number of customer service representatives Mark needed to hire depended on the number of calls that the records and benefits call center would receive. Mark therefore needed to forecast the number of calls that the new centralized center would receive. He approached the forecasting problem by using judgmental forecasting. He studied data from one of the 35 decentralized administration centers and learned that the decentralized center had serviced 15,000 customers and had received 2,000 calls per month. He concluded that since the new centralized center would service four times the number of customers – 60,000 customers – it would receive four times the number of calls – 8,000 calls per month. Mark slowly checked off the items on his “to do” list, and the centralized records and benefits center opened one year after Mark had received the go-ahead from corporate headquarters. Now, after operating the new center for 13 weeks, Mark’s call center forecasts are proving to be terribly inaccurate. The number of calls the center receives is roughly three times as large as the 8,000 calls per month that Mark had forecasted. Because of demand overload, the call center is slowly going to hell in a handbasket. Customers calling the center must wait an average of five minutes before speaking to a representative, and Mark is receiving numerous complaints. At the same time, the customer service representatives are unhappy and on the verge of quitting because of the stress created by the demand overload. Even corporate headquarters has become aware of the staff and service inadequacies, and executives have been breathing down Mark’s neck demanding improvements. Mark needed help, and he approached Harry, a corporate analyst, to forecast demand for the call center more accurately. Luckily, when Mark first established the call center, he realized the importance of keeping operational data, and he provided Harry with the number of calls received on each day of the week over the last 13 weeks. The data (refer to Cutting Edge Student File No. 1) begins in week 44 of the last year (2012) and continues to week 5 of the current year (2013). Mark indicates that the days where no calls were received were holidays. As a start, Harry used the data from the past 13 weeks and applied five different time-series forecasting methods in preparing a trial forecast of the call volume for each day of the upcoming week (Week 6). He provided a different forecast for each day of the week by treating the forecast for a single day as being the actual call volume on that day. From plotting the data, Harry could see that demand follows “seasonal” patterns within the week. For example, more employees call at the beginning of the week when they are fresh and productive than at the end of the week when they are planning for the weekend. Therefore, Mark prepared and used seasonally adjusted call volumes for the past 13 weeks. After Week 6 ended, Harry compared the five forecasts with the actual volumes and calculated the Mean Absolute Deviation (MAD) values for each method. The result of Harry’s work is summarized below: Cutting Edge Week 6 Forecast vs. Actual Daily Call Volume After many months of work and with Harry’s help, Mark has been able to stabilize the call center operation. Mark now has a better handle on how to forecast the daily call demand and he is able to prepare effective weekly staffing schedules for handling the daily variation in volume. However, Mark is still experiencing difficulty in forecasting the volume from month to month. Cutting Edge has been very active in acquiring new companies while, at the same time, selling off portions of their existing business. Mark believes that this activity is causing fluctuations in call volume because it is affecting the employee head count of Cutting Edge. Mark has assembled monthly data for call volume and head count for the past 18 months (refer to Cutting Edge Student File No. 2). Mark also suspects that there are other factors which may be affecting the call volume, and he has noted these factors on the attached spreadsheet. Based on the upcoming acquisition of Cutter Corp on 7/1/2015, the forecast of head count for July 2015 is 77,000. 1 ACTUAL Day Last ValueAveragingMoving Average (5 days) Exponential Smoothing (alpha=0.1) Exponentia l Smoothing (alpha=0.7) Actual Call Volume Mon1135126995710661082723 Tue7261126822922742677 Wed623961692770598521 Thu606927637724529571 Fri553842552647509498 Mean Absolute Deviation (MAD) 169303218249163 FORECAST Cutting Edge Instructions Instructions In order to complete the assignment, first read the case write-up for the “Cutting Edge” case. Then, answer the questions listed below for each part of the case. The Part 1 questions refer to the 2 years leading up to the opening of the new call center. Part 2 questions refer to the first 13 weeks of operation after opening the call center. Part 3 questions refer to the first 18 months of operating the call center. Conduct necessary calculations and visualizations to answer the questions. Submit your Excel spreadsheet(s) with calculations/ visualizations to the assignment dropbox before the posted deadline. You may submit additional Excel spreadsheets if you feel they are necessary to
Answered Same DayFeb 17, 2021

Answer To: 01/05 Cutting Edge Project - Instructions Cutting Edge Project Study the case (Cutting edge Case...

Vasudha answered on Feb 26 2021
154 Votes
Question 1a (1 point): Define a problem statement which reflects the challenge facing Mark as he planned for the opening of the new center.
Mark’s vision was to centralize the functions of records and administration, this centralize department will function as a focal point for data management and customer
service. This Vision was envisaged when he faced mounting problems in decentralized setup which was prevailing in the company, there was variety of queries relating to stock options, dental plans and other concerns relating to employees.
(
At the Human Resource Executive HR Technology & Exposition Conference in Chicago, Katherine Jones, Ph.D., pointed out the – “employees could be concerned that new tools will be harder to use, as it will make their work more complicated or at time technology will make their work obsolete”.
)As Mark had spent considerable number of years in human resource management, it was easier for him to implement his vision, but he too faced some problems when implemented.
    
Question 1b (1 point): Why was Mark’s initial forecast of call volume so far off? What could have been the reasons for this?
Based on the judgmental forecasting, he had forecasted 8,000 calls per month from the 60,000 customer base in the 35 decentralized centers across the country.
The reason for this forecast was based on the current situation, which they were handling 15,000 customers and 2,000 calls per month.
According to the Deveon Barrow ( Associate Professor – at Coventry University – UK) “In general, we found in industry that the standard approach is to use some sort of exponential smoothing, most likely Holt Winters”.
Question 1c (1 point): What could Mark have done differently to improve his initial forecast?
Although it is difficult to predict the actual numbers or bring forecast numbers to actual.
The main purpose of forecasting is to predict the workload as per the business plan and its available resources, so that right number of staff can be deployed to handle the workload.
Steps which will help in forecasting:
a) Gathering the Data: it is necessary to delve into the past records of the company and get the required data, forecasting should also include abnormally high or low numbers, special holidays, events, equipment failure, to certain extent weather factors, seasonal variances.
b) Predicting monthly calls: Use of statistical methods in prediction will help in converting the raw data to the organized data. Some of the methods used by the companies in this regard are Time series, point method, Averaging Approach. All these approaches will help us in finding the trend or the pattern and after that we need to incorporate the effect of seasonality or monthly variance.
c) Creating Daily or Weekly Forecasts: We need to breakdown the yearly forecast to monthly and weekly forecast, this breakdown will help us in studying the pattern more closely and design the plan for the week ahead and communicate to the ground level employees.
d) Adjusting the forecast to the market/ industry influences: Forecasting for the...
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