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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
3 / 813 |
Essay's paper body
512, 2005)
Improving supply chain operating efficiency through casual relationship forecasting
Kuiper Leda could use casual relationship forecasting based on any independent variable that leads to a change in the need for their product. This information would help Kuiper Leda to determine that when an increase volume of units are needed due to the number of cars being built this may mean an increase in the need for electronic control units by the automotive industry...
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Additional electronic control units could be needed due to the Iraq war. "Casual relationship forecasting is when one occurrence causes another. If the causing element is known far enough in advance, it can be used as a basis for forecasting." (Chase, Jacobs, & Aquilano, p. 537, 2005)
Capacity Planning using Collaborative Planning, Forecasting, and Replenishment (CPFR)
Kuiper Leda will have to distribution demand effectively, avoid over-stocking and make sure no bottlenecks of inventory piling up which will increase holding cost...
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