PPT-Demand Forecasting in a Supply Chain

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. Chapter 15. MIS 373: Basic Operations Management. Learning Objectives. After this lecture, students will be able to . Explain the terms supply chain and . logistics. Discuss the importance of supply chain management. . Presented by Paul . Sumade. . Lee. Chairman, International Rubber Association. . 28. May 2015, Shanghai, China. Agenda . SECTION . 1. . SECTION . 2. . SECTION 3. SECTION 4. Global Supply and Demand. 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.. Sanjay More. Barloworld Logistics, Dubai. 26 September, 2012. Contents. Definitions. Current trends. Innovations in supply chain . Cutting edge solutions. Matching it to your business. Innovation. Innovation. 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. Revision 1. Agenda. Objectives. The Goal of a Process. The Forecasting Process. The Supply Chain Process. Goals and Objectives. Emphasize the critical role of Forecasting. Provide a basic understanding of Supply Chain Planning for Non-Supply Chain professionals.. Greg H. Parlier, PhD, PE. Presented by. Tom McLaughlin. Valu-Lytics, Inc. November 3, 2015. . Background. National Research Council, Board on Army Science and Technology Report: . Force Multiplying Technologies for Logistics Support to Military Operations (2014). The quantity of a specific product that a buyer is . able. . and . willing. to buy at a certain price. Usually at a particular . time. and . place. Remember those . time and place utilities . that add value to a product??. Ohio Traffic Forecasting Manual Module 3: Travel Demand Modeling Training Organization Ohio Traffic Forecasting Manual Ohio Traffic Forecasting Training Modules Module 1: Traffic Forecasting Background Strategy and Design. Russell and Taylor. Operations and Supply . Chain . Management, 8th Edition. © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e. 10-. 2. © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e. 3-. 1. Supply Chain Management. Outline. Drivers of supply chain performance. A framework for structuring drivers. Facilities. Inventory. Transportation. Information. Sourcing. Pricing. Obstacles to achieving fit. Demand and Supply are . most fundamental concepts of economics and it is the backbone of a market . economy.  . Demand . refers to how much (quantity) of a product or service is desired by buyers. . Module One:. . . An Overview of International. Supply Chain Management. 1. Class Agenda. Supply Chain Management & Logistics defined. Functional activities within a global supply chain (Who does what?). 3. Learning Objectives. Identify the major drivers of supply chain performance.. Discuss the role of each driver in creating strategic fit between the supply chain strategy and the competitive strategy..