Forecasting, Production and Inventory Planning

Catalog description

Forecasting, production planning, and inventory management are central to the success of any firm. The main focus of the course will be on understanding how tools and techniques in these areas apply in a supply chain and how they can aid a manager in supply chain decision making to achieve a competitive advantage. Students will apply time-series and regression methods to produce forecasts, and they will learn how to make material and finished-goods inventory decisions in single- and multiple-period decision environments. Specific attention will be given to the precedence and dependence relations between hierarchical decisions within the manufacturing planning and control process.