Demand and supply planning (DSP): after successful completion of this part, the student is able to:
- select the most appropriate techniques for the short-term demand forecasting and apply them to a data set
- plan the various required activities in a supply chain on an aggregate level using quantitative models
- coordinate the sales including promotions and the operations in a supply chain using quantitative models
Inventory management (IM): after successful completion of this part, the student is able to:
- classify the various types of inventories, choose and apply the appropriate quantitative models for inventory management, and analyze the impact of key input variables
- explain at a conceptual level how the inventory management for multiple items, as well as for multiple site settings are interrelated (including the bullwhip effect)
|
|
Demand and supply planning and coordination (DSP) in supply chain
- Demand forecasting: focus on short-term forecasting methods. Differentiation between the forecasting methods of slow-moving and fast-moving items.
- Aggregate planning, and sales and operations planning and coordination in a supply chain. Note that an introduction to aggregate planning is given in TBK M2: OM. This part will be treated here in more depth
Inventory management (IM) in a supply chain
Inventory classifications ABC and functional classification. Managing uncertainty in inventory: service levels, e.g., fillrate and stockout probability, periodic/continuous review, safety stocks (including the impact of aggregation), fixed and variable lot sizes, shortage cost models, single period problems “newsboy problem”, multi-item coordination in a single site case.
|
|