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Inventory Planning with Forecasting Expenditure
Inventory Planning with Forecasting Expenditure
📖 Book - PDF

Inventory Planning with Forecasting Expenditure

Sanjay Sharma
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pages
210 pages
language
English
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ePUB (mobile friendly) and PDF
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📖 Book - PDF

Inventory Planning with Forecasting Expenditure

Sanjay Sharma
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About This Book

In industrial or business cases, purchasing and procurement are significant functions. Usually, a procurement plan is prepared based on certain predictions of consumption patterns or demand. When this plan is implemented, the benefit is obtained corresponding to forecast accuracy. In the available literature, forecasting accuracy is frequently discussed. A need is established to link forecasting accuracy with forecasting expenditures. After an explicit inclusion of the forecasting expenditure, this book describes inventory planning for procurement and production.

FEATURES

  • Discusses forecasting expenditure in detail


  • Provides an analysis of reduction and increase in forecasting expenditures


  • Highlights advanced concepts that include procurement inventory, production planning, and priority planning in detail


  • Examines an approach in relation to the inclusion of an explicit cost of forecasting


  • Covers total cost formulation, modified total cost, relevant index, threshold value, and cost of forecasting in a comprehensive manner with the help of examples


Inventory Planning with Forecasting Expenditure is useful for undergraduate and postgraduate students in engineering and management and has potential for elective and supplementary core courses.

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Information

Publisher
CRC Press
Year
2022
ISBN
9781000545098
Topic
Technology & Engineering
Subtopic
Industrial Engineering
Edition
1

Table of contents