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

Flight of the bumblebee, Flight of the Bumblebee Railroad train T a le...

Flight of the Bumblebee Railroad train T a leaves station A at a uniform speed of 30mph toward station B. Train Tb leaves station B at a uniform speed of 20mph toward station

Explain the 3-2-1 principle of location, Explain the 3-2-1 Principle of Loc...

Explain the 3-2-1 Principle of Location A work piece can be positively located by means of 6 pins so positioned that collectively they restrict the work piece in nine of it

Explain about the raft foundations, Explain about the Raft Foundations ...

Explain about the Raft Foundations The raft foundations are generally used for large loaded area on soils of low bearing capacity. They are of particular use when soils are of

Desirable characteristics of the piston , Desirable Characteristics of the ...

Desirable Characteristics of the Piston Silent in operation. Seizure between piston surface and inside of cylinder should not occur. Sufficiently resistant to co

Milling, #question.types images.

#question.types images.

Laser welding applications with low power, Laser Welding Applications with ...

Laser Welding Applications with Low Power   For a lap weld joining of AISI 416 stainless steel cap to a AISI 310 stainless steel body, CO 2 Laser with a 575 watts beam out

Explain the importance of value engineering, Explain the Importance of Valu...

Explain the Importance of Value engineering Improve your career skills Separate "Symptoms" from "problems" Solve "root cause" problems and capture opportunities

What is specific gravity?, What is specific gravity? what do you mean by 1p...

What is specific gravity? what do you mean by 1pascal? Concept of pressure difference? Sol) The "specific gravity" of a meterial is the ratio of its density to the density of

Degree of super heat - thermodynamics, Degre e of Super Heat: It is d...

Degre e of Super Heat: It is difference between the temperature of superheated steam and saturation temperature resultant to the given pressure. So, the degree of superhea

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