Inventory Planning with Forecasting Expenditure
- Available for pre-order. Item will ship after March 7, 2022
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.
This book is expected to be useful for UG/PG students in engineering and management, and also has good potential for elective/supplementary core courses.
Table of Contents
1. Introduction. 2. Procurement. 3. Production. 4. Applications. 5. Highlights. 6. Appendix. 7. General Reading.
Sanjay Sharma is Professor at National Institute of Industrial Engineering (NITIE), Mumbai, India. He is operations and supply chain management educator and researcher. He has more than the three decades experience including industrial, managerial, teaching/training, consultancy and research; also many awards/honours to his credit. He has published eight books and papers in various journals such as European Journal of Operational Research, International Journal of Production Economics, Computers & Operations Research, International Journal of Advanced Manufacturing Technology, Journal of the Operational Research Society, and Computers and Industrial Engineering. He is also on the editorial board of few journals including the International Journal of Logistics Management.