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Forecasting Techniques

Forecasting Techniques

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Published by Ashraf S. Youssef
Dr. Ashraf S. Youssef; Quality Assurance and Communications Manager; Senior Member ASQ, Member MES.
Dr. Ashraf S. Youssef; Quality Assurance and Communications Manager; Senior Member ASQ, Member MES.

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Categories:Types, Speeches
Published by: Ashraf S. Youssef on Apr 20, 2011
Copyright:Attribution Non-commercial

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06/29/2013

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April 111
 
Forecasting TechniquesForecasting Techniques
PreparedPrepared By:By:
Ashraf S. Youssef; Ph. D.Ashraf S. Youssef; Ph. D.
 Electronic & Electrical IndustriesElectronic & Electrical Industries CorpCorp
May 23 –24, 2011
Training
 
Approach
Focus
 
on
 
Basics
Interactive
Exercises
 
Case
 
Studies
Role
 
Plays
Have
 
Fun
 
!
Learning
 
Objectives
Learn
 
about
 
Forecasting
 
Techniques
 
and
 
how
 
can
 
you
 
link
 
it
 
with
 
SAP.
Become
 
Familiar
 
with
 
Different
 
.
Design
 
Your
 
Own
 
Model.
Realize
 
the
 
Benefits
 
of 
 
Forecasting
 
techniques
 
at
 
Your
 
Organization
 
April 112
1.1.Production/service planning & ControlProduction/service planning & Control2.2.Forecasting Overview & ObjectivesForecasting Overview & Objectives3.3.Forecasting TechniquesForecasting Techniques
AgendaAgenda
4
..aera requremen pannngaera requremen pannng5.5.Inventory PolicyInventory Policy6.6.Case Study.Case Study.7.7.Integration with SAP.Integration with SAP.
Production Planning and Control
DemandforecastingSalesand orderentryCustomerShippingMaterialsShop-floor
The Production Control System
 
ProductionInventoryVendorsAggregateplanningInventorymanagementandreceiving requirementplanningschedulingand control
Production Planning and Control: Main Functions
Forecasting 
to predict customer demand on variousproducts over a given horizon.
AggregatePlanning 
to determine overall resourcesneeded.
 
components and timing.
Inventory Management 
to decide production or purchasequantities and timing.
Scheduling 
to determine shop-floor schedule of variouscomponents.
 
April 113
Production Planning and Control Purpose
Effectively utilize limited resources in the productionof goods so as to satisfy customer demands andcreate a profit for stakeholders.
Resources 
include the production facilities, labors.
Constraints 
include the availability of resources,delivery times for the products, and managementpolicies.
HighProfitabilityLowCostsLow UnitQualityHighSalesHigh Customer
Production Objectives
CostsHighThroughputLessVariabilityHighUtilizationLowInventoryProductManyproductsFastResponseMoreVariabilityHighInventoryLowUtilizationShortCycle TimesService
ThroughputWIPCycle time
Performance Measures
Service quality (OTD)Profit

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