Management notes

Question

bufferingstockpiling either inputs into, or outputs from, a production or service process to cope with environmental fluctuations.smoothingtaking actions aimed at reducing the impact of fluctuations, given the marketforecastingpredicting changing conditiions and future events that significantly affect an organisatio's businessrationingproviding limited access to a product or service in high demandits from a business management notes... would highly appreciate if simplified sentence can be given with possible examples

Mister Micawber · Accepted Answer

Well, I cannot think of much simpler definitions, but I can find examples for you, though they also will not be simple; these are sophisticated business concepts:

...This means that employment must be well paid, stable, and buffered against regional economic fluctuation.

...Low wages and unemployment have long been buffered by funds sent from Mexicans living abroad, but the US crisis is shrinking remittances

...began a phaseout of government subsidies and price supports, the safety net that had buffered them from plunging prices and poor harvests since the Great Depression

...recognized because the securities aren't actually sold. # The effect of these decisions smoothed out the quarterly earnings and stabilized its reported shareholder equity

....improved at O'Hare after it recently began " dehubbing " the airport. When it smoothed out its schedules so that flights did not arrive and depart in rush-hour stylewaves

...Garcia has smoothed out coffee-bean purchasing too. His team now negotiates long-term contracts with some growers,

...monitor expenditures year to year forecasting budget models three to five years out based on forecasted school tax revenues.

...Dietary shifts, forecasted to involve a per capita 25% increase in meat intake and a 10% increase in calories over the next decades (WHO 2003), result in more per capita water use

...online sales reached $78 billion in 2002, and total online retail sales are forecasted to reach $230 by 2008 (Hansen, 2003)

...They had 120 cans of tuna between 33 of them. That meant that they'd rationed out half a plastic spoonful of tuna per miner a day.

...Unless you qualify for Medicaid or Medicare, health care in America is rationed based upon income and prior medical history.

...Payne said Real has wisely rationed its exposure to the U.S. market, adding mystery and more excitement to the club

Management notes

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