Guide to Plan in Supply Chain Management

Colin Scott (), Henriette Lundgren () and Paul Thompson ()
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Colin Scott: The Grange, Elmbridge
Henriette Lundgren: The Grange, Elmbridge
Paul Thompson: The Grange, Elmbridge

Chapter Chapter 2 in Guide to Supply Chain Management, 2011, pp 9-36 from Springer

Abstract: Abstract This chapter guides you through the planning function of supply chain management. First, it helps you to understand inventory management within supply chains and gives you practical ways on how to reduce stock. Second, demand planning including forecasting techniques will be discussed. This leads to supply planning where different inventory review strategies and the economic order quantity will be introduced. Third, demand and supply planning will be reconciled in the section of sales and operations planning. In this section, both guiding principles of successful implementations and reasons for failure will be described. The chapter concludes with a case study of best practice on forecasting within the skin and beauty care company Beiersdorf. Having read this chapter you will be able to: Clarify the basics of inventory management Explore the link between demand and supply planning Recognise the guiding principles of successful sales & operations planning

Keywords: Supply Chain; Forecast Error; Order Quantity; Forecast Accuracy; Safety Stock (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-17676-0_2

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DOI: 10.1007/978-3-642-17676-0_2

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