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Time Series Models: Approaches to Forecasting : A Tutorial

SCM Tutorials

Jan 26, 2011

Role of Procurement within an Organization: Procurement : A Tutorial

Role of Procurement within an Organization Overview Key Procurement Objectives: OBJECTIVE 1 – Support Operational Requirements OBJECTIVE 2 – Manage the Procurement Process and the Supply Base Efficiently and Effectively…

Jan 26, 2011

Types of Goods and Services Purchased: Procurement : A Tutorial

Types of Goods and Services Purchased Raw Materials Semi-finished Products and Components Finished Products Maintenance, Repair, and Operating Items Production Support Items Services Capital Equipment Transportation and Third-Party Purchasing h2.…

Jan 26, 2011

Introduction: Procurement : A Tutorial

Introduction Overview Learning Objectives Tutorial Outline h2. Overview A world-class procurement staff must continuously work to improve the efficiency and effectiveness of what we call the procurement process. This is…

Jan 25, 2011

Qualitative Methods :Measuring Forecast Accuracy : A Tutorial

Qualitative Methods Common Qualitative Forecasting Methods EXAMPLE: Life Cycle analogy Analyzing the Life Cycle Data for the Previous Version Questions to Consider When Using the Life Cycle Analogy to Forecast…

Jan 25, 2011

Multiple Regression: Approaches to Forecasting : A Tutorial

Multiple Regression Advanced techniques can be used when there is trend or seasonality, or when other factors (such as price discounts) must be considered. What is Multiple Regression? Resulting Forecast…

Jan 25, 2011

Measuring Forecast Accuracy: Approaches to Forecasting : A Tutorial

Measuring Forecast Accuracy How Do We Measure Forecast Accuracy? Measures of Forecast Accuracy Mean Forecast Error (MFE) Mean Absolute Deviation (MAD) Tracking Signal Other Measures How Do We Measure Forecast…

Jan 25, 2011

Single Regression: Approaches to Forecasting : A Tutorial

Single Regression Advanced techniques can be used when there is trend or seasonality, or when other factors (such as price discounts) must be considered. What is Single Regression? EXAMPLE: 16…

Jan 25, 2011

Double Exponential Smoothing: Approaches to Forecasting : A Tutorial

Double Exponential Smoothing What Is Double Exponential Smoothing? Time Series with Trend: Double Exponential Smoothing h2. What Is Double Exponential Smoothing? …like regular exponential smoothing, except includes a component to…

Jan 25, 2011

Exponential Smoothing: Approaches to Forecasting : A Tutorial

Exponential Smoothing What is Exponential Smoothing? Exponential Smoothing Forecaset with a = .3 h2. What is Exponential Smoothing? A type of weighted moving averaging model Part of many forecasting packages;…

Jan 25, 2011

Time Series Models: Approaches to Forecasting : A Tutorial

Time Series Models Time Series Models Time Series Components of Demand… Basic Idea Behind Time Series Models Moving Average Models Table of Forecasts & Demand Values… … and Resulting Graph…