-Simple Moving Avg
-Weighted Moving Avg
-Exponential Smoothing
-Measuring Forecast Error
-Mean absolute deviation
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-Normal average calculation.
-Multiply forecast demands by weights then add sums.
-Weight x (prior week demand- prior week forecast) + prior week forecast.
-Actual demand- forecast
-Actual demand- forecast/ weeks
Quantitative
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, based on the assumption that the "forces" that generated the past demand
will generate the future demand (history). Analysis of the past demand
pattern provides a good basis for forecasting future demand. Majority of
quantitative approaches fail in the category of time series analysis.
Statistical or mathematical analysis of data.
What is sequencing?
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Order of occurrence; process of following in order to ensure quality (ex:
production-line sequencing requires that bottles of soda be filled before
the caps are secured).
Backward Scheduling
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starts with the due date, produced by working backwards, resources may
not be available to accomplish the schedule
What are the goals of SCM?
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, Customer care, competitiveness, efficiency, responsiveness and resilience;
these goals focus on making BETTER, FASTER, AND CHEAPER, MORE
RESPONSIVE supply chains than your competition.
Lower Cost + Higher Sales = _________?
Give this one a try later!
Greater Profits
Why do companies engage in Capacity planning? (part 2)
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influences ability to meet demand, influences operating costs, determines
initial cost, long-term commitment, long range planning, affect competition
Competitive advantage:
Give this one a try later!
requires delivering more value and satisfaction to target consumers than
competitors
Forward Scheduling
-Weighted Moving Avg
-Exponential Smoothing
-Measuring Forecast Error
-Mean absolute deviation
Give this one a try later!
-Normal average calculation.
-Multiply forecast demands by weights then add sums.
-Weight x (prior week demand- prior week forecast) + prior week forecast.
-Actual demand- forecast
-Actual demand- forecast/ weeks
Quantitative
Give this one a try later!
, based on the assumption that the "forces" that generated the past demand
will generate the future demand (history). Analysis of the past demand
pattern provides a good basis for forecasting future demand. Majority of
quantitative approaches fail in the category of time series analysis.
Statistical or mathematical analysis of data.
What is sequencing?
Give this one a try later!
Order of occurrence; process of following in order to ensure quality (ex:
production-line sequencing requires that bottles of soda be filled before
the caps are secured).
Backward Scheduling
Give this one a try later!
starts with the due date, produced by working backwards, resources may
not be available to accomplish the schedule
What are the goals of SCM?
Give this one a try later!
, Customer care, competitiveness, efficiency, responsiveness and resilience;
these goals focus on making BETTER, FASTER, AND CHEAPER, MORE
RESPONSIVE supply chains than your competition.
Lower Cost + Higher Sales = _________?
Give this one a try later!
Greater Profits
Why do companies engage in Capacity planning? (part 2)
Give this one a try later!
influences ability to meet demand, influences operating costs, determines
initial cost, long-term commitment, long range planning, affect competition
Competitive advantage:
Give this one a try later!
requires delivering more value and satisfaction to target consumers than
competitors
Forward Scheduling
