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Lecture Advances in supply chain management - Chapter 12

After studying this chapter you will be able to: Describe the type of problem that would lend itself to solution using linear programming, formulate a linear programming model from a description of a problem, solve simple linear programming problems using the graphical method,. | Advances in Supply Chain Management Part 2 Chapter 8 : Master Planning Lec 12 : Learning Objectives To make students learn the purpose and results of Master Planning and how it help in the smooth flow of material along the supply chain, efficient utilization and balance of supply and demand Decision Situation How master plan module helps to take decision based on demand. Further to explain that how to select and determine Planning Horizon and Periods, Decisions, Objectives, Data, and Results. To explain the Steps to generate a master plan. SUMMARY of Last Lecture The last lecture has focused on a framework for demand planning processes, that helps to explain the structures and processes of demand planning. There are three dimensions along which forecast data can be structured: time, product and geography. The discussion of different demand forecasting techniques was also included. The two different basic approaches include time series and causal methods. Moving average, smoothing average and regression analysis models were also explained. Today’s lecture aims at explaining the purpose and results of Master Planning and how it help in the smooth flow of material along the supply chain, efficient utilization and balance of supply and demand. How master plan module helps to take decision based on demand. How to select and determine Planning Horizon and Periods, Decisions, Objectives, Data, and Results will also be discussed. Steps to generate a master plan will be explained with the help of example. LAYOUT Purpose and Results of Master Planning The Decision Situation Planning Horizon and Periods Decisions Objectives Data Results Generating a Plan Purpose of Master Planning The main purpose of Master Planning is to synchronize the flow of materials along the entire supply chain. to support mid-term decisions on the efficient utilization of production, transport, supply capacities, seasonal stock to keep the balance of supply and demand. As a . | Advances in Supply Chain Management Part 2 Chapter 8 : Master Planning Lec 12 : Learning Objectives To make students learn the purpose and results of Master Planning and how it help in the smooth flow of material along the supply chain, efficient utilization and balance of supply and demand Decision Situation How master plan module helps to take decision based on demand. Further to explain that how to select and determine Planning Horizon and Periods, Decisions, Objectives, Data, and Results. To explain the Steps to generate a master plan. SUMMARY of Last Lecture The last lecture has focused on a framework for demand planning processes, that helps to explain the structures and processes of demand planning. There are three dimensions along which forecast data can be structured: time, product and geography. The discussion of different demand forecasting techniques was also included. The two different basic approaches include time series and causal methods. Moving .