After Working With Your Preceptor To Assess Organizat 072360

After Working With Your Preceptor To Assess Organizational Policies C

After working with your preceptor to assess organizational policies, create a list of measurable outcomes for your capstone project intervention. Write a list of three to five outcomes for your proposed intervention. Below each outcome, provide a one or two sentence rationale. The assignment will be used to develop a written implementation plan.

Paper For Above instruction

The objective of this paper is to develop a set of measurable outcomes for a capstone project aimed at improving organizational policies, particularly in the context of forecasting accuracy within a business environment. The focus is to identify specific, quantifiable results that can be achieved through targeted interventions, with rationales explaining the importance of each outcome. Such outcomes will serve as benchmarks to evaluate the effectiveness of the implementation plan.

Measurable Outcomes for the Capstone Project

1. Increase Forecast Accuracy by 15%

Achieve a 15% improvement in the accuracy of sales forecasts within three months of implementing the new forecasting technique. Improved accuracy will reduce excess inventory and stockouts, enhancing operational efficiency and customer satisfaction. Accurate forecasts are essential to aligning supply with demand, especially in a declining sales environment where overestimations lead to unnecessary costs.

2. Reduce Over-Stocked Inventory by 20%

Decrease the amount of unsold newspapers and excess inventory at distribution points by 20% within four months. This outcome will directly address the problem of surplus stock left over at locations, thereby reducing storage costs and waste, and optimizing resource utilization based on more precise forecasting methods.

3. Enhance Data Collection and Analysis Capabilities

Implement a more sophisticated data collection system that integrates real-time sales and demand data, achieving 100% data capture accuracy for all locations within two months. Improved data collection will facilitate more reliable forecasting models, allowing the organization to respond proactively to sales trends and minimize forecast errors.

4. Increase Advertising Revenue by 10%

Boost advertising revenue by 10% within six months through more effective targeted advertising based on improved sales and demographic data. Greater revenue from advertisers will support the financial sustainability of the newspaper despite declining sales volumes, and will be driven by better insights into customer engagement derived from improved data analysis.

5. Develop and Implement a New Forecasting Model

Design, test, and deploy a new forecasting model, such as an exponential smoothing or machine learning-based approach, within three months. The new model will be tailored to the specific sales trends and data characteristics of the publication, leading to more reliable predictions and supporting strategic decision-making.

Rationale for Each Outcome

The selection of these outcomes is grounded in the need to address the core issues identified in the organizational context—particularly inaccurate forecasting, excess inventory, and declining revenue. Increasing forecast accuracy directly tackles the problem of over-predicting sales, which results in surplus stock and wasted resources. Reducing over-stocking not only cuts costs but also improves inventory turnover, which is vital in a shrinking market.

Enhancing data collection capabilities ensures that forecasts are based on comprehensive and current data, enabling more precise demand estimation. Improving the forecasting model itself, whether through advanced statistical methods or machine learning, is essential to breaking the downward spiral caused by persistent under- or over-estimation, which threatens the viability of the publication.

Increasing advertising revenue provides a financial cushion to counteract the declining subscription base and sales, ensuring the longevity of the publication. Finally, deploying a new, robust forecasting model fosters a culture of continuous improvement and data-driven decision-making, positioning the organization for sustained operational success.

Conclusion

Establishing clear, measurable outcomes with rationales provides a focused framework for implementing effective organizational change. These outcomes serve as benchmarks for evaluating the success of the intervention, guiding the organization toward more accurate forecasting, optimized inventory management, increased revenue, and overall strategic resilience. Through these targeted efforts, the organization can better adapt to the declining sales environment and improve its long-term sustainability.

References

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• Snyder, R. G., & Snyder, L. V. (2017). Fundamentals of Supply Chain Management. University of Nevada Press.
• Hyndman, R. J., & Athanasopoulos, G. (2018). Forecasting: principles and practice. OTexts.
• Shmueli, G., & Lichtendahl Jr, K. C. (2016). Practical Time Series Forecasting with R: A Hands-On Guide. Axel Schweitzer.
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• Fildes, R., & Goodwin, P. (2018). The practice of forecasting: Putting empirical evidence into practice. International Journal of Forecasting, 34(4), 871-874.