Inventory Management And Forecasting
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Inventory management and forecasting are planning activities that go hand-inhand. Both play critical roles in the management of a firm’s supply chain and in hierarchical production and distribution planning systems. Further, the accuracy of a firm’s forecasting process directly impacts the level of inventory that a firm must maintain to meet customer service order and line fill rate objectives. In this chapter, we examine selected “hierarchical” dimensions of the processes of inventory management and forecasting.
KeywordsPlanning Horizon Supply Chain Management Inventory Level Inventory Management Product Family
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