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How meaningful are Load and Capacity Statements? - Forecasting Article ARTICLE DESCRIPTION: The problem of how a manufacturer making goods to order on longish lead times can make delivery promises which he can expect to keep. MORE INFO: How meaningful are Load and Capacity Statements? The problem of how a manufacturer making goods to order on longish lead times can ... read article... |
Design, BOM, and forecasting - inseperable threesome - Forecasting Article ARTICLE DESCRIPTION: With the advent of computers the real problem with manufacturing is the connection between design, BOM and forecasting. MORE INFO: Design, BOM, and forecasting - inseperable threesome With the advent of computers the real problem with manufacturing is the connection between d... read article... |
Forecasting and scheduling in customer services - Forecasting Article ARTICLE DESCRIPTION: Some of the methods of forecasting and scheduling and some aspects and pitfalls to avoid when trying to do so in a customer service environment. MORE INFO: Forecasting and scheduling in customer services Some of the methods of forecasting and scheduling and some aspects and p... read article... |
Some practical hints on sales forecasting - Forecasting Article ARTICLE DESCRIPTION: Sales forecasting is not easy but is essential for most production control systems; the more accurate the forecasts the better the control. MORE INFO: Some practical hints on sales forecasting Sales forecasting is not easy but is essential for most production control systems;... read article... |
Estimation of the seasonal factors of forecasting - Forecasting Article ARTICLE DESCRIPTION: There is a clear need for a better and more practical method of estimating the seasonal factor used in forecasting and inventory control. MORE INFO: Estimation of the seasonal factors of forecasting There is a clear need for a better and more practical method of estimating th... read article... |
Improving sales forecasting for P&IC - Forecasting Article ARTICLE DESCRIPTION: Looks at what is needed to achieve the desired improvements in sales forecasting and offers personal views on why organisations are often unsuccessful MORE INFO: Improving sales forecasting for P&IC Looks at what is needed to achieve the desired improvements in sales forecast... read article... |
Integrated forecasting - Forecasting Article ARTICLE DESCRIPTION: Describes the forecast architecture in a general sense. MORE INFO: Integrated forecasting Describes the forecast architecture in a general sense. PUBLISHER: Institute of Operations Management Vol 18 - No 04 - June/July 1992... read article... |
Service parts planning: common sense and forecasting - Forecasting Article ARTICLE DESCRIPTION: How a simple approach was used to gain a better understanding of the £20M service parts division of an integrated OEM and service parts company MORE INFO: Service parts planning: common sense and forecasting How a simple approach was used to gain a better understanding of the... read article... |
Reduce costs - use a more intelligent production and inventory planning policy - Forecasting Article ARTICLE DESCRIPTION: When the fluctuations in total customer orders are compared with those in total inventory and production rates over a long length of time, the chances are that your internal fluctuations are greater, often considerably, than the external fluctuations in customer orders. The auth... read article... |
Service level and safety stock based on probability - Forecasting Article ARTICLE DESCRIPTION: A structured approach to stock management can assist in setting service level targets. Describes how statistical safety stock calculations can be used to develop a stock model, and target service levels which businesses can afford. MORE INFO: Service level and safety stock bas... read article... |
Predicting the future: Forecasting issues, problems and ideas - Forecasting Article ARTICLE DESCRIPTION: Explores some of the issues of forecasting and the need for high quality supply-demand management in light of the current business focus on customer service and increasing competitive pressure. MORE INFO: Predicting the future: Forecasting issues, problems and ideas Explores ... read article... |
Demand forecasting and inventory control - Forecasting Article ARTICLE DESCRIPTION: Describes how companies can operate an appropriate inventory policy, which offers a reasonable level of service to customers at an acceptable cost. MORE INFO: Demand forecasting and inventory control Describes how companies can operate an appropriate inventory policy, which o... read article... |
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ARTICLE DESCRIPTION: Reports on how the use of Bayesian Learning and the Dynamic Linear Model (DLM) can improve the reliability and quality of forecasts compared with exciting static forecasting techniques MORE INFO: Application of a modern statistical forecasting technique to a materials manageme... read article... |
Inventory management - Forecasting Article ARTICLE DESCRIPTION: During the period January 1996 to December 1997, Caradon MK Cable Management Division reduced Inventory by 45% (in excess of £1.5 million) whilst increasing complete and on time deliveries by over 10%. This article explores the events behind this achievement. MORE INFO: Invent... read article... |
Forecasting and planning: the views of a change agent - Forecasting Article ARTICLE DESCRIPTION: Examines the management processes, behaviours and disciplines that are the fundamental foundations of a successful demand planning process. MORE INFO: Forecasting and planning: the views of a change agent Examines the management processes, behaviours and disciplines that are ... read article... |
Eliminating Forecast Error - Forecasting Article ARTICLE DESCRIPTION: Trying to forecast the future is like trying to predict the 6 numbers for next Saturday's lottery,and we all know how many people actually manage to do that! The problem with forecasting is that many people believe that it is impossible and so give up and the business doesn't ta... read article... |
Reducing Safety Stocks By Improving Forecast Accuracy - Forecasting Article ARTICLE DESCRIPTION: A great deal is written about forecasting methods, but very little about how to deal with forecast error in the practical sense of how much safety stock is needed to allow for forecast error when placing manufacturing or purchase orders. MORE INFO: Reducing Safety Stocks By Im... read article... |
Editorial - Forecasting Article ARTICLE DESCRIPTION: In general I see forecasting falling into two major categories. Firstly, forecasting what are the goods and services that customers will be wanting in the future that are not available at the moment - product development/enhancement and new products... MORE INFO: Editorial In... read article... |
Letter: Reply response to John Hackforth - Forecasting Article ARTICLE DESCRIPTION: In reply to John's letter: On the second part of the question John is absolutely right - the key has been transposed and is the wrong way round - mea culpa!! On the main part of the question I hope and think that we are saying the same thing in different ways. The Demand Plan is... read article... |
Letter: Response to Jeff Banning Article Forecasting & Planning - Forecasting Article ARTICLE DESCRIPTION: Firstly, I refer to Jeff Banning's interesting article on Forecasting & Planning - July/Aug 99). Jeff uses the term 'demand plan' to describe the company's sales and operations plan, ie. the balanced plan of what will be both sold and made. At first I thought this was just termi... read article... |
MAD, SAD or just BAD - Forecasting Article ARTICLE DESCRIPTION: Stock control is an exact science, but unfortunately the answers are never quite right. My letter earlier this year - March issue) suggested that safety stock for an item could not be calculated using the results from a group, an opinion reinforced by Mike Thomson's letter in th... read article... |
Making a better Sales Forecast - Forecasting Article ARTICLE DESCRIPTION: MORE INFO: Making a better Sales Forecast Why spend so much time on the sales forecast? quips the Sales Manager. The manufacturing people divide it by two after I give it to them, so I multiplied it by three before I gave it to them! Then they divided it by four, so I multi... read article... |
Forecast Bundle - Forecasting Article ARTICLE DESCRIPTION: Following its merger with Software Answers, Wizard Information Systems has developed ForecastWizard, which supports best-practice internet enabled collaborative and consensus forecasting by and between managers within an organisation or across a supply chain. .. MORE INFO: For... read article... |
Managing The Uncertainty In Customer Demand - Forecasting Article ARTICLE DESCRIPTION: The fundamental question facing any organisation that needs to fulfil customer demand ‘ex stock’ is what that demand will be in the future... MORE INFO: Managing The Uncertainty In Customer Demand The fundamental question facing any organisation that needs to fulfil customer ... read article... |
Minding The Forecasting Gap - Forecasting Article ARTICLE DESCRIPTION: Collaborative forecasting epitomises the current concepts of ‘One Plan 'and Supply Chain Integration. The question that always arises is one of, MORE INFO: Minding The Forecasting Gap Collaborative forecasting epitomises the current concepts of ‘One Plan 'and Supply Chain In... read article... |
Best Practice Forecasting - Forecasting Article ARTICLE DESCRIPTION: Is best practice forecasting solely about techniques and the implementation of these through best-of-breed software packages, or are these merely a step towards best practice? MORE INFO: Best Practice Forecasting Is best practice forecasting solely about techniques and the im... read article... |
Editorial: Forecasting - Forecasting Article ARTICLE DESCRIPTION: As much as British industry is moving towards JIT manufacturing systems, some areas appear still wedded to JIC (Just in Case) inventory systems. MORE INFO: Editorial: Forecasting As much as British industry is moving towards JIT manufacturing systems, some areas appear still ... read article... |
Letter to the editor - Forecasting Article ARTICLE DESCRIPTION: I enjoyed Jeremy Mant's article about safety stocks in the October issue of Control, but suggest readers should be cautious of two matters. MORE INFO: Letter to the editor I enjoyed Jeremy Mant's article about safety stocks in the October issue of Control, but suggest readers... read article... |
Do you really need a warehouse? - Forecasting Article ARTICLE DESCRIPTION: If you are supplying the construction industry, you may have noticed the current wave of industrial building. There are large extensive modern structures rising up at almost all motorway junctions. The constructor's board will identify the building as a new extensive warehouse f... read article... |
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