Topic sentence: manpower planning, forecasting and employee requirements of Ford Co., Inc.

Ans: The Markov model: The Markov model is a dynamic forecasting model that has evolved
into a key quantitative analysis tool in the forecasting of human resources. The HR department
compiles a list of each employee's abilities, credentials, job experience, education, and training
using this methodology. To keep an eye on the upcoming talent and skill demands, they
constantly update the state of the workforce and maintain reports in a timely manner. With the
help of this report, HR leaders can accurately predict demand probabilities, the number of
potential internal hires and transfers, and the internal supply of human resources that the
company will have on hand. In the fields of information technology, telecommunications,
electrical engineering, economics, and engineering, the Markov model is an effective method for
predicting HR demand.
Ford Co., Inc. should follow this model for their company. This model for quantitative HR
Demand technique would be appropriate for the following position I think

Forecasting HR Supply model would be appropriate for the following position,

Forecasting the availability of human resources is a procedure that comes after the demand for
testing such resources.
Forecasting supply of human resources entails estimating that supply while taking into account
future availability and analysis of the current human resource inventory.
Both internal and external supply must be taken into account when predicting the availability of
human resources.
• Internal human resource supply is provided through transfers, promotions, retiring workers,
recalling of laid-off workers, etc.
• The market's labor force and new hiring are sources of external supply of human resources.

They should hire a VP and it would be a good option for Ford.

Vice presidents of supply chain are in charge of managing every area of their organization's
supply chain. This involves all aspects of handling inventory, shipping, and warehousing in
addition to obtaining raw materials. Vice presidents are frequently involved in the creation of
long-term supply chain management plans.

A vice president of supply chain typically needs the following qualifications:

Education: A bachelor's degree in business, supply chain management, or a related field is

usually required by most employers for supply chain vice presidents. Candidates with a master's
degree in business administration (MBA) may be preferred by some employers. Those who
want to specialize in a specific area of supply chain management or who want to quickly
advance in their careers can benefit from earning an MBA.
Training & Experience: When they start a new job, supply chain professionals frequently receive
on-the-job training. This training might last for a few months and might involve learning about
the systems and procedures of the company or shadowing a current supply chain professional.

Certifications & Licenses: Certifications aren't necessary to be qualified for this position, but they
can help you show potential employers your skills and qualifications. You can also get
certifications to help you learn the skills you need to do the job.

Vice presidents of supply chain need the following skills in order to be successful:
Communication: Another important skill for vice presidents of supply chain management is
communication. Communication with customers, suppliers, and other members of your
company's leadership team might fall under your purview. You can build strong relationships
with other people and solve problems more effectively with effective communication.

Leadership: You can get ahead in your career if you have leadership skills. It's possible that
you'll be in charge of leading a group of workers as a vice president. You can encourage your
team to perform well and motivate them with leadership skills. You can also use your leadership
skills to make important decisions about the strategy of your company.

Analytical thinking: The capacity to consider the long-term effects of short-term actions is
strategic thinking. This is important for professionals in supply chains because they need to
think about how their choices affect the company's supply chain strategy as a whole. For
instance, if a company is thinking about switching suppliers, a supply chain professional might
have to think about how the capabilities of the new supplier will affect the company's ability to
meet customer demand.

Problem-solving: You can identify and resolve issues that may arise in your role if you have
problem-solving skills. You may be in charge of overseeing the entire supply chain process as a
vice president of supply chain, which may involve several teams and departments. This implies
you might be answerable for recognizing and settling issues that might emerge in any of these
areas.

Decision-making: Vice presidents of supply chain management need to be able to make

decisions because they often oversee the purchase and production of products and materials.
Additionally, they decide how to ship products and manage inventory. Gathering and evaluating
information, evaluating options, and evaluating the potential outcomes of each decision are all
necessary for making effective decisions.