Inventory Planning with Forecasting Expenditure Hardback
by Sanjay (National Institute of Industrial Engineering (NITIE), Mumbai, India) Sharma
Hardback
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 examplesInventory Planning with Forecasting Expenditure is useful for undergraduate and postgraduate students in engineering and management and has potential for elective and supplementary core courses.
Information
-
Only a few left - usually despatched within 24 hours
- Format:Hardback
- Pages:210 pages, 66 Tables, black and white; 15 Line drawings, black and white; 15 Illustrations, black an
- Publisher:Taylor & Francis Ltd
- Publication Date:15/03/2022
- Category:
- ISBN:9781032209296
Information
-
Only a few left - usually despatched within 24 hours
- Format:Hardback
- Pages:210 pages, 66 Tables, black and white; 15 Line drawings, black and white; 15 Illustrations, black an
- Publisher:Taylor & Francis Ltd
- Publication Date:15/03/2022
- Category:
- ISBN:9781032209296
