Inventory planning with forecasting expenditure /
"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 f...
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| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Boca Raton :
CRC Press,
2022.
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| Edition: | First edition. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | "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"-- |
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| Physical Description: | 1 online resource |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781003267256 1003267254 |