Transcription of Ch.3 Demand Forecasting. - IEMS
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Ch.3 Demand Forecasting. - IEMS
Part 3 : Acquisition & Production Support. Demand forecasting . Edited by Dr. Seung Hyun Lee ( , CPL). IEMS Research Center, E-mail : Demand forecasting . [Other Resource]. Definition. An estimate of future Demand . A forecast can be determined by mathematical means using historical, it can be created subjectively by using estimates from informal sources, or it can represent a combination of both techniques. - 2 - Demand forecasting . [Other Resource]. Why Forecast ? To plan for the future by reducing uncertainty. To anticipate and manage change. To increase communication and integration of planning teams. To anticipate inventory and capacity demands and manage lead times.
- 2 - Demand Forecasting. [Other Resource] Definition. ․ An estimate of future demand. ․ A forecast can be determined by mathematical means using
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