Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Hard rock cafe forecasting case study

15/10/2021 Client: muhammad11 Deadline: 2 Day

Case Study: Forecasting At Hard Rock Café

Please complete this case study with the specifics below. The details for the case study have been copied and pasted below.

Case Study: Forecasting at Hard Rock Café (p. 150 and Pearson Video Library)
Case Study 1 Questions

Describe three different forecasting applications at Hard Rock. Name three other areas in which you think Hard Rock could use forecasting models.
What is the role of POS system in forecasting at Hard Rock?
Name several other variables besides those mentioned in the case that could be used as good predictors of daily sales in each café.

The Case Study paper is to consist of the following components:

Title page and two written pages with no more than 500 words.
Answers to individual questions (as assigned) Each assignment will have specific questions you need to address. You should create a subheaded section for each one.
References/Appendix (if required) These are not research papers per se, so you may not have the need to cite outside sources. If you do, however, they should be identified on a proper reference page. Similarly, if you are required to do calculations and choose to perform them on a separate page, you should include them in an appendix.
Content 24 80%
Required questions are answered in an accurate and appropriate manner.
Adequate support is given for recommendations.
Calculations (where required) are performed correctly
Grammar and Spelling 3 10%
Paper is well written and reflects college level writing.
Rules of grammar, usage, and punctuation are followed and spelling is correct.
Sentences are written in a complete, concise manner, and sentence transitions maintain the flow of thought throughout the paper.
Formatting and APA Usage 3 10%
Paper includes the components required for the assignment: title page, answers to questions, references or appendix (where appropriate).
APA format is followed throughout the paper.
30 100%
Forecasting at Hard Rock Cafe

Video Case

With the growth of Hard Rock Cafe—from one pub in London in 1971 to more than 150 restaurants in 53 countries today—came a corporatewide demand for better forecasting. Hard Rock uses long-range forecasting in setting a capacity plan and intermediate-term forecasting for locking in contracts for leather goods (used in jackets) and for such food items as beef, chicken, and pork. Its short-term sales forecasts are conducted each month, by cafe, and then aggregated for a headquarters view.

The heart of the sales forecasting system is the point-of-sale (POS) system, which, in effect, captures transaction data on nearly every person who walks through a cafe’s door. The sale of each entrée represents one customer; the entrée sales data are transmitted daily to the Orlando corporate headquarters’ database. There, the financial team, headed by Todd Lindsey, begins the forecast process. Lindsey forecasts monthly guest counts, retail sales, banquet sales, and concert sales (if applicable) at each cafe. The general managers of individual cafes tap into the same database to prepare a daily forecast for their sites. A cafe manager pulls up prior years’ sales for that day, adding information from the local Chamber of Commerce or Tourist Board on upcoming events such as a major convention, sporting event, or concert in the city where the cafe is located. The daily forecast is further broken into hourly sales, which drives employee scheduling. An hourly forecast of $5,500 in sales translates into 19 workstations, which are further broken down into a specific number of wait staff, hosts, bartenders, and kitchen staff. Computerized scheduling software plugs in people based on their availability. Variances between forecast and actual sales are then examined to see why errors occurred.

Hard Rock doesn’t limit its use of forecasting tools to sales. To evaluate managers and set bonuses, a 3-year weighted moving average is applied to cafe sales. If cafe general managers exceed their targets, a bonus is computed. Todd Lindsey, at corporate headquarters, applies weights of 40% to the most recent year’s sales, 40% to the year before, and 20% to sales 2 years ago in reaching his moving average.

An even more sophisticated application of statistics is found in Hard Rock’s menu planning. Using multiple regression, managers can compute the impact on demand of other menu items if the price of one item is changed. For example, if the price of a cheeseburger increases from $7.99 to $8.99, Hard Rock can predict the effect this will have on sales of chicken sandwiches, pork sandwiches, and salads. Managers do the same analysis on menu placement, with the center section driving higher sales volumes. When an item such as a hamburger is moved off the center to one of the side flaps, the corresponding effect on related items, say french fries, is determined.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Essay & Assignment Help
Academic Master
Peter O.
Academic Mentor
Quick Finance Master
Top Grade Tutor
Writer Writer Name Offer Chat
Essay & Assignment Help

ONLINE

Essay & Assignment Help

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$21 Chat With Writer
Academic Master

ONLINE

Academic Master

Being a Ph.D. in the Business field, I have been doing academic writing for the past 7 years and have a good command over writing research papers, essay, dissertations and all kinds of academic writing and proofreading.

$29 Chat With Writer
Peter O.

ONLINE

Peter O.

I am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles.

$37 Chat With Writer
Academic Mentor

ONLINE

Academic Mentor

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$20 Chat With Writer
Quick Finance Master

ONLINE

Quick Finance Master

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$29 Chat With Writer
Top Grade Tutor

ONLINE

Top Grade Tutor

I am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles.

$31 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Proposal for paper worksheet - Research your present or past company’s view on corporate social responsibility. If you do not currently work for a company, pick a company that supports corporate social responsibility. Are there programs or initiatives in place to contribute to the community in some way? Review and describe these programs, and comment on their effectiveness to the community and organization, the employees, and the company. - City electric supply credit application - Relevant costs and revenues - ESSAY #2 - Control of microbial growth lab - Whittington gynaecology contact number - Mcgraw hill primis custom publishing - Borneol nmr - Safety critical software systems examples - Acara geography year 3 - Administration and Supervision in Criminal Justice - Chapter 5 - Biblical allusions in hamlet - C programming - Cbus super usi number - What are the most likely consumer market segments for robots - If the ad shortfall is $600 billion and the mpc is 0.8, - What are the legal ramifications of psychology of command - Personal Statement - Grieg landscaping began construction - 111 mckell avenue sunbury - Mcq on naive bayes classifier - Caught plagiarizing at university of phoenix - How is imago dei relevant to health care - Official loch ness monster fan club - Arb canopy load rating - Density of snow kn m3 - Anatomy of a punch - Wit movie ethical analysis - Everflo pump not working - MIS Discussion 14 - Webi reports best practices - Gsk case study answers - Bunny uriarte - The slope of a velocity vs time graph represents - 3rd grade book report - The vietnam wars marilyn young sparknotes - 04.04 civil rights assessment - Cube root of 218 - Unit 3 DB - Web analytics at quality alloys inc case solution - Wombat cabin mt baw baw - Effective training systems strategies and practices 5th edition test bank - The bold pedlar and robin hood question and answer pdf - Risk management dashboard examples - Boston consulting group matrix - Developing ideas penn foster exam - Thunder butte by virginia driving hawk sneve - Poets org walt whitman - Business Ethics Case study - Using Visual Communication to Deliver a Global Message - 305 case study - Simulated diabetes testing lab answers - Theme of the poem if written by rudyard kipling - Discussion board about buddhism - Wawa assessment questions answers - Driscoll model of reflection pdf - Threshold concepts in women's and gender studies chapter 1 - 3.2 material certification requirements - Thumbs up elbows back knees apart - Pasadena sporting goods letterman jackets - Environmental ethics desjardins 5th edition pdf - Zinn chapter 1 study questions answers - +91-8306951337 get your love back by vashikaran IN Sangli-Miraj&Kupwad - 3m chrome pinstripe tape - Leaking feeding tube icd 10 - Wk 5 - Legal and Ethical Issues - All shook up glenn altschuler pdf - Friedman-lucas money surprise model - Reveo flavor revolutionized - Priya raina jampala song - Case study opening your new dunkin donuts locations - Explain how an appender infection works. - Characteristics of shakespearean comedy - Research Questions - Defence infrastructure fire standards - What are some of the major security threats caused by illegal immigration? - Public persuasion - Strategies for closing gap 3 in service marketing - Mafs 912 g co 3.10 answers - Justice law clerk singapore - Ringtons tea van salesperson - Assignment - Swot bivariate strategy matrix - Axe target market demographics - Crankshaft position sensor diagram - 15.2 homogeneous aqueous systems worksheet answers - Flowers for algernon progress report 13 summary - Discussion 150 words - Thermo king return air sensor location - Statement of purpose - All quiet on the western front chapter 3 summary - Menlo company distributes a single product - Digi one ia default ip address - How to make a network diagram project management - Earth mat installation procedure - Role of accountants in modern business organization - Mcgraw hill chapter 8 answers - Casio fx-82au plus ii manual - Unit 7 Essay