Inventory Planning with Forecasting Expenditure

Description

The reference text highlights the importance of including forecasting expenditure in regular planning process such as the cyclic process for an organization. It will be an ideal reference text for senior undergraduate, graduate students and professionals in the field of industrial engineering, production engineering and manufacturing engineering. Cover Half Title Title Page Copyright Page Contents Preface Author 1. Introduction 1.1 Planned Schedule 1.2 Problem Description 1.3 Forecasting Expenditure 1.3.1 For Buying 1.3.2 For Making 1.4 Potential Benefit 2. Procurement 2.1 Cost Estimate 2.2 Modified Cost Estimate 2.3 Related Index 2.4 Analysis 2.4.1 Reduction in the Forecasting Expenditure 2.4.2 Increase in the Forecasting Expenditure 2.5 Threshold Value 2.5.1 Ordering Cost Variation 2.5.2 Carrying Cost Variation 3. Production 3.1 Total Cost Formulation 3.2 Modified Total Cost 3.3 Relevant Index 3.4 Effects 3.4.1 Decrease in the Forecasting Expenditure 3.4.2 Raise in the Forecasting Expenditure 3.5 Influence on R Value 3.5.1 Facility Setup Cost 3.5.2 Holding Cost 4. Applications 4.1 Buying 4.2 Making 4.3 Associated Index 4.3.1 Buying 4.3.2 Making 4.4 Influence 4.4.1 Purchasing 4.4.2 Production 5. Highlights 5.1 Cost of Forecasting 5.2 Evolution Stage 5.3 Business Use Appendix A.1 Importance of Cycle Time A.2 Variation in Cycle Time A.2.1 Lower Cycle Time A.2.2 Higher Cycle Time A.3 Backordering Situation A.3.1 Downward Variation in Cycle Time A.3.2 Upward Variation in Cycle Time A.4 Interaction of Parameters without Shortages A.4.1 Increased Cycle Time A.4.2 Decreased Cycle Time A.5 Interaction of Parameters with Shortages A.5.1 Longer Cycle Time A.5.2 Shorter Cycle Time General Reading 1 Sequencing of Jobs on a Single Machine 1.1 SPT Rule 1.2 EDD Order 2 Method to Minimize the Number of Tardy Jobs Cycle 1 Cycle 2 Cycle 3 3 Two-Machine Flow Shop Scheduling 4 Work Study 4.1 Motion Study 4.2 Charts Micromotion Study Cyclegraph Chronocyclegraph 4.3 Therbligs 4.4 Principles of Motion Economy 4.5 Time Study 4.5.1 Applications 4.5.2 Procedure to Conduct Time Study 4.5.3 Methods to Evaluate Performance Rating Bibliography Index