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josandea

Advantages and Disadvantages of Inventory Forecasting | eHow.com - 1 views

www.ehow.com/ges-inventory-forecasting.html

Inventory Forecasting

shared by josandea on 30 Mar 12 - No Cached
  • Inventory forecasting utilizes simple inventory planning and control techniques.
  • Forecasting helps determine the optimal quantities to keep in stock.
  • If a company holds too little inventory, it runs the risk of running out of stock.
  • ...8 more annotations...
  • Sustenance of Operations
  • Cost Efficiency
  • The most efficient situation is when the total inventory cost is at its lowest and the carrying cost is equal to the ordering cost
  • Unrealistic Assumptions
  • demand is never constant
  • Expensive Training
  • operating managers have to be trained
  • Training and retraining to keep up with technology can be expensive.
  • josandea on 30 Mar 12
     
    Advantages and disadvantages of Inventory Forecasting
josandea

Top 10 Advantages of Forecasting in Business - 1 views

www.brighthub.com/...109618.aspx

Forecasting

shared by josandea on 30 Mar 12 - No Cached
    • josandea
      josandea on 30 Mar 12
       
      1.Predicción del futuro 2.Satisfacción clientes 3.Aprender del pasado 4.Mirar al futuro 5.Ahorrar en coste del personal 6. Ser competitivos 7. Recibir financiación 8. Reducir costes de inventario 9. Preparación para las caídas de ventas 10. Preparación para nuevos proyectos
  • 1. Helps to Predict The Future
  • This will provide you with a sense of direction which will allow your company to get the most out of the marketplace.
  • ...19 more annotations...
  • 2. Keep Your Customers Happy
  • In order to keep your customers satisfied you need to provide them with the product they want when they want it.
  • 3. Learn From The Past
  • Looking at what has happened in the past can help companies predict what will happen in the future.
  • 4. Keeps Companies Looking Ahead
  • have to keep looking ahead
  • 5. Save on Staffing Costs
  • predict how much product will need to be produced to meet customer demand
  • 6. Remain Competitive
  • A business that does not use forecasting techniques will likely succumb to their competition in a short time.
  • 7. Receive Financing
  • Financing is a key component of success
  • 8. Reduce Inventory Costs
  • Forecasting helps predict how much inventory should be on hand at any given time
  • 9. Helps Prepare for a Drop in Sales
  • forecasting in business reveals sales drops which in turn, can be recognized and dealt with quickly
  • 10. Prepare for New Business
  • By forecasting demand, a company can see if an increase in sales is likely imminent
  • providing extra staff or production facilities
  • josandea on 30 Mar 12
     
    10 ventajas del forecasting
Pelle Axelsson

Práctica 7 - 0 views

With respect to the material we gathered we have stated 5 main advantages of demand forecast: 1. Reduces future uncertainties 2. Provides an inventory control, reduces reserves of slack resources t...

started by Pelle Axelsson on 30 Mar 12 no follow-up yet
sos 2010

Electronic commerce - Wikipedia, the free encyclopedia - 0 views

en.wikipedia.org/...Electronic_commerce

shared by sos 2010 on 10 May 10 - Cached
  • The Players on 10 May 10
     
    Electronic commerce, commonly known as (e-shopping) e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
  • Christoph Dworzak on 10 May 10
     
    Definition of Electronic commerce on the Wikipedia, the free encyclopedia
Spauit group

E-Procurement - Pros And Cons - 0 views

ecommerce.hostip.info/...E-Procurement-PROS-CONS.html

e procurement

shared by Spauit group on 11 May 10 - Cached
  • there are many advantages to using e-procurement systems as opposed to those involving paper-based forms or oral communications
  • ncreased efficiency and cost savings
  • EDI allows business transactions to occur in less time and with fewer errors than do traditional, paper-based means. It reduces the amount of inventory companies must invest in by closely tying manufacturing to actual demand, allowing for just-in-time delivery. By doing away with paper forms, EDI also reduces postage costs and the expenses and space considerations surrounding paper-based record storage.
  • ...2 more annotations...
  • In some large organizations, purchasing responsibilities are distributed over several different areas of the company. E-procurement systems may enable a company to consolidate orders for similar items with one supplier, resulting in deeper volume discounts and cost saving
  • e-procurement may allow a company to simplify purchasing by reducing the number of variables (available products) involve
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