Inventory Planning with Forecasting Expenditure e-bog
436,85 DKK
(inkl. moms 546,06 DKK)
In industrial or business cases, purchasing and procurement are significant functions. Usually, a procurement plan is prepared based on certain predictions of consumption patterns or demand. When this plan is implemented, the benefit is obtained corresponding to forecast accuracy. In the available literature, forecasting accuracy is frequently discussed. A need is established to link forecastin...
E-bog
436,85 DKK
Forlag
CRC Press
Udgivet
6 marts 2022
Længde
210 sider
Genrer
AKP
Sprog
English
Format
pdf
Beskyttelse
LCP
ISBN
9781000545067
In industrial or business cases, purchasing and procurement are significant functions. Usually, a procurement plan is prepared based on certain predictions of consumption patterns or demand. When this plan is implemented, the benefit is obtained corresponding to forecast accuracy. In the available literature, forecasting accuracy is frequently discussed. A need is established to link forecasting accuracy with forecasting expenditures. After an explicit inclusion of the forecasting expenditure, this book describes inventory planning for procurement and production.FEATURESDiscusses forecasting expenditure in detailProvides an analysis of reduction and increase in forecasting expendituresHighlights advanced concepts that include procurement inventory, production planning, and priority planning in detailExamines an approach in relation to the inclusion of an explicit cost of forecastingCovers total cost formulation, modified total cost, relevant index, threshold value, and cost of forecasting in a comprehensive manner with the help of examplesInventory Planning with Forecasting Expenditure is useful for undergraduate and postgraduate students in engineering and management and has potential for elective and supplementary core courses.