Planning Tools and Techniques

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Planning Tools and Techniques

• 1. Forecasting Assumptions about what will
  happen in future
• Qualitative forecasting uses expert opinions
• Quantitative forecasting uses mathematical and
  statistical analysis

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Planning Tools and Techniques

• 2. Contingency Planning
• Identifying alternative courses of action to meet
  the needs of changing circumstances
• Misled and Uninformed
• Contain trigger points

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Planning Tools and Techniques

• 3. Scenario Planning
• A long-term version of contingency planning
• Increases preparation for future shocks

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Planning Tools and Techniques

• Scenario planning
• Example Nike Shox

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Planning Tools and Techniques

• 4. Benchmarking Comparing to the best competitor
  and adopting their best practices
• Example

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Planning Tools and Techniques

• 5. Participation and Involvement
• Planning process to include people who will be
  affected by the plans and/or will help implement
  them
• Promotes creativity
• Increases available information
• Increases employees commitment to plan