The Impact of Macroeconomic Indicators on Operations and Planning

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Select three macro-economic indicators that you feel have the greatest impact on the operations and/or planning for your SLP organization. Remember that an economic indicator measures a change in the general or in a specific aspect of the economy and and you should be assessing how each macro-economic change you have chosen affects your company. Explain why they are important to the current or future condition of your organization. The Consumer Price Index. Wanting to please consumers and positing that I intend to start a small business, I would like to know the products that have the most current potential as well as promise potential in the future. The Consumer Price Index (CPI) will give me that information since it uses a "basket of goods" approach that compares the monetary base of products from year to year. There are really two presented CPI figures in the indicator: the CPI for Urban Wage Earners and Clerical Workers (CPI-W), the CPI for all Urban Consumers (CPI-U) I would be interested in the latter. It has its food and energy prices deducted and are usually presented with seasonal adjustment since consumer patterns vary depending on the time of the year. (For instance, if opening my store in Winter I can possibly expect less demand in soap given that people may use more soap in the summer time). The CPI is a thoroughly detailed release with data for most major consumer groups (such as food and beverage, apparel, recreation, etc.) and geographical

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