Professional Documents
Culture Documents
THE FUNDAMENTALS OF
PRODUCTION PLANNING AND
CONTROL
ISBN 0-13-017615-X
Dr Tasweer Hussain Syed CEME
Contents
Contents
CHAPTER 2
Forecasting Fundamentals
2.1
Fundamental Principles of Forecasting
2.2
MAJOR CATEGORIES OF FORECAST
2.2
MAJOR CATEGORIES OF FORECAST
2.2
MAJOR CATEGORIES OF FORECAST
2.2
MAJOR CATEGORIES OF FORECAST
Market surveys
Structured questionnaires submitted to
potential customers in the market
Solicit opinions about products or potential
products,
Attempt to get an understanding customer
demand for products or services.
If structured well, administered to a good
representative sample of the defined
population, and analyzed correctly, they can be
quite effective, especially for the short term. A
major drawback is they are fairly expensive and
INFORMED JUDGMENT
QUANTITATIVE FORECASTING-CAUSAL
For example, if you are developing a causal model of vacation travel based on the leading
indicator of gasoline prices, there is a good chance you will gain knowledge about both the
mechanisms that control gasoline prices as well as the patterns of typical vacation travel.
These methods are seldom used for product, but more commonly used for entire
markets or industries.
The methods are often time-consuming and very expensive to develop, primarily
because of developing the relationships and obtaining the causal data.
INPUT-OUTPUT MODELS
large and complex models, as they
examine the flow of goods and services
throughout the entire economy.
As such, they require a substantial
quantity of data, making them expensive
and time-consuming to develop.
They are generally used to project needs
for entire markets or segments of the
economy, and not for specific products.
SIMULATION MODELS
REGRESSION
Simple moving averages are, as the name implies, nothing more than the
mathematical average of the last several periods of actual demand. They take
the form:
CHAPTER 3
Sales and Operations Planning
CHAPTER 3
Sales and Operations Planning
Chase
Level
Combination
CHAPTER 4
The Master Schedule
CHAPTER 4
The Master Schedule
CHAPTER 5
Inventory Management
CHAPTER 6
Material Requirements Planning (MRP)
CHAPTER 7
Capacity Management
CHAPTER 8
Production Activity Control
CHAPTER 9
Lean Production and JIT
CHAPTER 10
Fundamentals of the Theory of Constraints
CHAPTER 11
"Partnering" Functions: Purchasing and Distribution
CHAPTER 12
System Integration and Implementation