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supply chain management- forecasting techniques by ABBOTT
- 2. Forecasting Technique • Quantitative- numerical facts • Time series- past trends • Historical patterns of demand
- 3. Planning • Long term strategic planning- management • Sales and operations meeting • Gaps in performance • Aggregate planning- capacity, inventory, stock outs, inventory • Master production schedule (MPS)- individual commodities • Linked to the manufacturing- when product will be demanded
- 4. Planning • Production- master production schedule • Date of batches • Synchronized operations- efficient • Master production scheduler- arrangement • Manufacturing resource planning- effective planning of all resources • Business Process control system- transactions
- 5. Drivers of Supply Chain • Facilities • Inventory • Information • Transportation
- 6. Facilities • Locations- stored, assembled or fabricated • Production, storage- Kot Lakhpat, Lahore
- 7. Inventories • Raw materials, work-in-process, finished goods • Forecasted demand • Demand Uncertainty- six weeks safety inventory • Minimization of risk • Lead time: – 60 to75 (imported) – 10 to 30 (local) • Make or Buy decision- quality, expensive
- 8. Information • Role of technological advances • Oracle