Inventory Planning with Forecasting Expenditure
Sanjay Sharma, "Inventory Planning with Forecasting Expenditure"
English | ISBN: 1032209291 | 2022 | 210 pages | AZW3 | 1279 KB
English | ISBN: 1032209291 | 2022 | 210 pages | AZW3 | 1279 KB
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
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