Technology Innovation Digital Pen

Forecasts are extensively used to support business decisions and direct the work of operations managers. The two major types of forecasts are qualitative and quantitative. Within each of these types are multiple methods and models. Qualitative forecasts are based upon subjective data. Quantitative forecasts are derived from objective data. Both methods are not suitable for all situations and circumstances. Each has inherent strengths and weaknesses. The forecaster must understand the strengths and shortcomings of each method and choose appropriately. One example of forecasting is the United States Marine Corps use of forecasting techniques, both qualitative and quantitative, to predict ammunition requirements.

Old school conquers new school: A personal response to “An Ode to the User-Friendly Pencil”

Forecasting should include the use of both quantitative and qualitative approaches to forecast demand for its products.

One of the excusable reasons given for continued teaching of cursive is speed. Quite honestly, most students’ nowadays don’t use pen and paper for taking notes. Apart from a section of SAT exams, almost all the other papers like term papers, assignments and research papers are presented electronically for marking. Who still presents their assignments in form of handwritten notes? Who still has to worry about speed with all the dynamics of technology such as taking notes on tablets and laptops?

The current demand forecasting method is based on qualitative techniques more than quantitative ones. If the forecast is not accurate, the company would carry both inventory and stock out costs. It might lose customers due to shortage of supply or carry additional holding costs due to excess production. If the actual demand doesn’t match the forecast ones, and the forecast was too high, this will result in high inventories, obsolescence, asset disposals, and increased carrying costs. When a forecast is too low, the customer resorts to a competitive product or retailer. A supplier could lose both sales and shelf space at that retail location forever if their predictions continue to be inaccurate. The tolerance level of the average consumer

Deliberating on technology in the classroom took me back to my days in school when the most technology shared at the time included; stereo sets, VHS/Betamax video players, mega phones, electric typewriters, litmus test strips, manual thermometers (that come in contact with body excrements like spit) as well as electric stove. However, technology has advanced by leaps and bounds. Today, according to the Community College Journal of Research and Practice, Volume 41, Issue 6, “Vacuum and thin film technologies are critical to advanced manufacturing industries” (p 359). Additionally, utilizing endowment number - DUE #14004080 from the National Science Foundation, the

* Forecasting is an impartial strategic ingredient that will ensure apt base for reputable planning. Our forecast is always the first step in developing plans in running the business along with our future plans of growth strategies. With this tool, we are able to anticipate our sales within reason that then can allow for us to control our costs in conjunction with inventory which will then help us to enhance our customer service. Sales forecasting is a vital strategic tactic in our company’s methodology.

Leslie Slater is a handwriting enthuses who believes that the future of technology is crippling our art of writing and her strong evidence suggest that she might be on to something. The tone in opinion piece is pure and evidential, Leslie mention a substantial amount of studies and she really worry about good old fashion ink writing.

The product being evaluated for this paper is the Doodle Pro by Fischer Price, designed for children 3 and up. This product has been available for 42 years, or since 1974 when originally created as the “Magna Doodle” by Pilot Pen Corporation. It was later bought out by Fischer Price, the specific creator is unknown (Freudenrich, 2008). The Doodle Pro contains an attached stylus and 4 different shapes. It works as a magnetic drawing board that has 2 screens with a honey-comb lattice like structure in between the screens that contains finely cut iron. When the stylus touches the screen it draws the iron to the top layer of plastic, where it stays in whatever shaped intended until erased, creating a no-mess chalkboard (Fischer-Price, 2016). It is designed to allow children to explore and practice writing and drawing in a more creative and open way, where it is seen as fun and not work. The product works to mimic an individual writing or drawing normally, the child picks up the attached stylus and draws as they like, and when they are finished with that particular picture they slide the eraser button across the bottom of the screen to clear the picture and start again. To see a visual of the product, Doodle Pro, please refer to Appendix A. This allows for practicing of the essential skills and penmanship, and confidence children will need throughout their lives.

Forecasting is the methodology utilized in the translation of past experiences in an estimation of the future. The German market presents challenges for forecasting techniques especially for its retail segment. Commercially oriented organizations are used to help during forecasting as general works done by academic scientists are not easy to come across (Bonner, 2009).

In today’s society, technology and art go hand in hand. Art has been around for a long time but technology such as computers are still very new. These two mediums have comingled and now evolve and effect the other. Art has changed to reflect the vast improvements technology has contributed to communication and the ability to create using digital space. Technology has also changed with artist pushing the boundaries of what is technical possible in the digital realm. Much of today’s art is created and presented in digital formats. The question of whether digital art is truly art has risen among many critics in the art community.

But even this is not possible in case of a new product or innovation. A forecast of sales, demand, cash, requirements and several such business valuables are extremely essential for a business in order to be able to appropriately plan and conduct its operations in an effective and efficient manner. Yet, forecasts cannot be made accurately as there are several factors and changes in the current environment that leads to variations in forecasts and impacts or causes a manager to make changes in the forecasts.

The company understands that in a fast changing business environment it is essential to forecast the future trends and bottlenecks thus helping them prepare for any circumstances that may come up. The 2020

Before, the concept of demand forecast was to serve the key functional groups in achieving their own interest. Facing the new challenges, forecast needed to be more accurate. And therefore it needed a new concept that is to have a consensus forecasting that would accurately reveal market demand and align the needs of key actors in the forecasting process. Leitax implemented two specific changes in forecasting process. The first one is to switch the focus from sell-in to sell-through and second one is to ignore capacity constraints.

The concept of demand forecasting more accurately measures and predicts the changes and opportunities in the supply chain.