Forecasting system outputs, Mechanical Engineering

Assignment Help:

Forecasting System Outputs:

In a company, inventory level is reviewed biweekly. If the parts used in an assembly have the lead time of one and a half week, what period should a forecast of requirements of parts cover for replenishment?

Solution

Forecast period = lead time + review period

= 1.5 weeks + 2 weeks

= 3.5 weeks

However, the replenishment of parts needs a forecast of requirements at least 3.5 weeks into the future.


Related Discussions:- Forecasting system outputs

Crankshaft design, i have designed a crankshaft for 3 cylinder engine i wan...

i have designed a crankshaft for 3 cylinder engine i want to know how to balance it

Interference, construction and working of michelsons interferometer

construction and working of michelsons interferometer

Explain asphalt paving machine, Explain Asphalt paving machine In the l...

Explain Asphalt paving machine In the laying of asphalt pavement roadways, it is common practice to utilize Floating screed type paving machines. These machines typically inclu

Probability, Airlines like to overbook their flights (this is a vibrant are...

Airlines like to overbook their flights (this is a vibrant area of research called yield management). It is estimated that 10% of the people who book their flight do not show up. H

Process selection in making a simple part, Process Selection in Making a Si...

Process Selection in Making a Simple Part You should first determine the part's function, the types of load and environment to which it would be subjected, the dimensional to

Two wheeler, how to adjust the motorcycle clutch play

how to adjust the motorcycle clutch play

Turnouts, Turnouts: A turnout is an assembly of various components wh...

Turnouts: A turnout is an assembly of various components whereby a train running on one track may be diverted to another. A sketch of a left-hand turnout is given in Figur

Dimension commands-autocad, Dimension Commands: For example, the illust...

Dimension Commands: For example, the illustration above shows two different dimension styles. The one on the left is the default style known as STANDARD. If you do not create a

Calculate the thickness of the diaphragm, A pressure transducer uses a prob...

A pressure transducer uses a probe to measure the deflection of a thin circular diaphragm, clamped at its periphery and having a rigid seat at its centre to eliminate curvature in

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd