ForecastingforOperations.pptVIP

Forecasting for operations Why we should forecast with models The importance of forecasting Exponential smoothing in a nutshell Case studies Customer service: U.S. Navy distribution system Inventory investment: Mfg. of snack foods Inventory investment: Auto parts distributor Purchasing workload: Mfg. of water filtration systems Recommendations: How to improve forecast accuracy Paper folding forecast A sheet of notebook paper is 1/100 of an inch thick. I fold the paper 40 times. How thick will it be after 40 folds? The Importance of Forecasting Forecasts determine: Master schedules Ec