Master Planning of Resources Session 2 Forecasting Demand What is a Forecast? Forecast ± An estimate of future demand. A forecast can be determined by mathematical means…

Inventory Management McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved. CHAPTER : LEARNING OBJECTIVES  You should be able to:…

STUDY OF 220kv NETWORK IN VISAKHAPATNAM STEEL PLANT Miniproject Report Submitted by: A.Vamsi Krishna (10135A0208) M.Bharat (09131A0270) S.Uday Bhaskar Raju (09131A0293) P.M.Kalyan…

Mean and Range Charts • When standard deviation is not known, must estimate using R. • Now, we check if variation between samples (i.e., the average) is stable with a…

Supply Chain Management Lecture 21 Outline • Today – Finish Chapter 11 • Sections 1, 2, 3, 7, 8 – Skipping 11.2 “Evaluating Safety Inventory Given Desired Fill…

Inventory Management Inventory Management   Inventory: A quantity of goods/materials in the control of a firm and hold for a time in a relatively idle state awaiting…

Master Planning of Resources Session 2 Forecasting Demand Master Planning of Resources Session 1: The Business Planning Process Session 2: Forecasting Demand Session 3: Demand…

EOQ for constant Demand & LeadTime IP Order received Order received IP Order received IP Order received On-hand inventory Q Q Q OH OH OH R Order placed L TBO TBO Order…

1. Inventory Management & Risk Pooling 2. Introduction General Motors in 1984: Logistic network consisted of 20,000 supplier plants, 133 parts plants, 31 assembly plants,…

1. SALES FORECASTINGPT. Sosro, January 2010 2. Module 1INTRODUCTION 3. Introduction• Find your partner1. What is your name?• Introduce your partners to the 2. What is…