PPT-Chapter 7 Demand Forecasting

in a Supply Chain Forecasting 4 Trend Adjusted Exponential Smoothing Ardavan AsefVaziri References Supply Chain Management Chopra and Meindl USC Marshall School of Business Lecture Notes. Processing, Influencing, & Anticipating Demand. Managing the sell side of a business. Plant. Plant. Plant. Warehouse. Suppliers. Customers. Supply-Demand Management. "Make, Move, Store". Supplier. PowerPoint presentation to accompany . Heizer and Render . Operations Management, 10e . Principles of Operations Management, 8e. PowerPoint slides by Jeff Heyl. Outline. What Is Forecasting?. Forecasting Time Horizons. A forecast is a prediction or estimation of future situation. It is an objective assessment of future course of action. Since future is uncertain, no forecast can be per cent correct. Forecasts can be both physical as well as financial in nature. The more realistic the forecasts, the more effective decisions can be taken for tomorrow.. Marketing service management. Lecture 1 = market demand and forecasting.. Marketing service management. What are we going to look at today. Aim. To review the role of market demand and forecasting.. Market demand and forecasting. You should be able to:. LO 3.1 List features common to all forecasts. LO 3.2 Explain why forecasts are generally wrong. LO 3.3 List elements of a good forecast. LO 3.4 Outline the steps in the forecasting process. in a Supply Chain. Forecasting - 3. Demand Pooling. Ardavan. . Asef-Vaziri. Based on . Operations management: Stevenson. Operations Management: Jacobs, Chase, and . Aquilano. Supply Chain Management: Chopra and . Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Forecast. Forecast – a statement about the future value of a variable of interest. We make forecasts about such things as weather, demand, and resource availability. Chapter 3: Forecasting. Unless otherwise noted, this work is licensed under a . Creative . C. ommons . Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0). license. . Feel free to use, modify, reuse or redistribute . Role of Forecasting . in . a Supply Chain. The basis for all planning decisions in a supply chain. Used for both push and pull processes. Production scheduling, inventory, aggregate planning. Sales force allocation, promotions, new production... Demand Forecasting. ACWA Fall Conference 2016 . November 30, 2016. Finance Program - Forecasting Water Demand. Ken Weinberg. Ken Weinberg Water Resources Consulting LLC. Demand Forecasting is the Foundation. LO18–2: Evaluate demand using quantitative forecasting models.. LO18–3: Apply qualitative techniques to forecast demand.. LO18–4: Apply collaborative techniques to forecast demand.. McGraw-Hill/Irwin. in a Supply Chain. Forecasting -1. Moving Average. Ardavan. . Asef-Vaziri. Based on . Operations management: Stevenson. Operations Management: Jacobs, Chase, and . Aquilano. Supply Chain Management: Chopra and . Özlem. . Akçay. Kasapoğlu. ,. Associate. . Professor. . Istanbul University. . Faculty. of . Business. . Operations. . Management. . Department. ozlemak. @. istanbul. .edu.tr. Abstract. Forecasting is one of the first steps in... - . Better forecasting for rising or falling demand. - Coping with seasonal demand. - Alternative techniques. Figure 13.1 Forecasting Trend. Figure 13.2 Double exponential model. Y=. bx. + d. b. a. Time Periods x.