Series editor(s): Professor Kenneth D. Lawrence
Subject Area: Management Science/Management Studies
Options: To add Favourites and Table of Contents Alerts please take a Emerald profile
|Title:||Fully synchronized supply chain forecasting|
|Volume:||5 Editor(s): Kenneth D. Lawrence, Michael D. Geurts ISBN: 978-0-7623-1478-2 eISBN: 978-0-85724-787-2|
|Citation:||Frenck Waage (2008), Fully synchronized supply chain forecasting, in Kenneth D. Lawrence, Michael D. Geurts (ed.) 5 (Advances in Business and Management Forecasting, Volume 5), Emerald Group Publishing Limited, pp.211-224|
|DOI:||10.1016/S1477-4070(07)00212-7 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Article type:||Chapter Item|
This chapter shows how the forecasting and the planning functions in a supply chain can be organized so they will yield optimal forecasts for an entire supply chain. We achieve this result by replacing the process of generating forecasts with that of making optimal coordinated supply chain decisions. The ideal performance for a supply chain is to have the flows of materials perfectly synchronized with the demand rate for the finished product that the chain produces. When the equality is achieved, we have a pure “demand pull” supply chain. This ideal is difficult to achieve because forecasting and decision making in supply chains are typically decentralized and forecasting and planning uncoordinated. Creating a competitive advantage for the finished product requires achieving the ideal. The opposite, not achieving the ideal, leads to uncoordinated forecasts and decisions that trigger unintended buildup of inventories, lost sales and the bullwhip effects, slowness and high costs.
To purchase this item please login or register.
Complete and print this form to request this document from your librarian