PRODUCTION PLANNING Production is a process which combines and transforms various resources used in production and operations sub system of the organization into value added…
1.Operations Management Session 3 –Forecasting2. Learning Objectives When you complete this chapter you should be able to : Understand the three time horizons and which…
* Operations Management Topic 6 – Forecasting * What is Forecasting? Process of predicting a future event Underlying basis of all business decisions Production Inventory…
Slide 1 Forecasting Slide 2 What is Forecasting? Process of predicting a future event Underlying basis of all business decisions: Production Inventory Personnel Facilities…