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lgli/Sharma Sanjay - Inventory Planning with Forecasting Expenditure; 1 (2022, CRC Press).azw3
Inventory Planning with Forecasting Expenditure; 1 🔍
Sanjay Sharma, (Professor of industrial engineering) CRC Press LLC, CRC Press (Unlimited), Boca Raton, 2022
English [en] · Spanish [es] · AZW3 · 1.3MB · 2022 · 📘 Book (non-fiction) · 🚀/lgli/zlib · Save
description
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.
Alternative author
Sharma, Sanjay
Alternative publisher
Taylor & Francis Group
Alternative publisher
Taylor & Francis Ltd
Alternative edition
First edition, Place of publication not identified, 2022
Alternative edition
United Kingdom and Ireland, United Kingdom
Alternative edition
First edition, Boca Raton :, 2022
Alternative edition
Milton, UNITED KINGDOM, 2022
Alternative edition
1, 2022
Alternative description
"In an industrial or business case, purchase or procurement is a significant function. Usually, a procurement plan is prepared on the basis of certain prediction of consumption pattern or demand. However, when this plan is implemented, then the desired benefit is obtained corresponding to the forecast accuracy. In the available literature, the forecasting accuracy is discussed a lot. A need is established to link the forecasting accuracy with a forecasting expenditure. After an explicit inclusion of the forecasting expenditure, the inventory planning for procurement/production is described in the present book"-- Provided by publisher.
Alternative description
The reference text highlights the importance of including forecasting expenditure in regular planning process such as the cyclic process for an organization. It will be an ideal reference text for senior undergraduate, graduate students and professionals in the field of industrial engineering, production engineering and manufacturing engineering.
Alternative description
1. Introduction. 2. Procurement. 3. Production. 4. Applications. 5. Highlights. 6. Appendix. 7. General Reading
date open sourced
2021-12-31
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