UNIT 3
, UNIT 3:
DEMAND MANAGEMENT AND
FORECASTING
,INPUTS NEEDED:
Raw materials
Human resources
Buildings
Machines
Processes
Energy
Operating Supplies
, MAJOR DECISION
What to buy
When to buy
How much to buy
Demand Management and Forecasting presentation is about inputs needed, major decision, time horizon for forecasting, strategic role of forecasting, mean absolute deviation, bias, mean absolute percentage variation, simple moving average, weighed moving average, exponential smoothing and components of demand.
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