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Synopsis
Excellent Book
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From the Inside Flap
Focus Forecasting and DRP looks at the objectives of Inventory Management and the issues of logistics in running an efficient, profitable, high quality operation. In the first half of the book concepts and background of Focus Forecasting(r) are explained and strategies for applying an appropriate formulas for your forecasted products are provided. Bernie Smith emphasizes the roles of the management team in establishing the aggregate forecasting. He discusses the reasons for differences between item forecasts and the company plan, presents alternatives to global forecasts such as distribution center forecasts or customer forecasts and he stresses the issues of accuracy and measuring the forecast.
Two chapters are devoted to the importance of creating sound demand histories and special forecast considerations such as promotion items, cyclical promotions, lumpy demand items, discontinued items and dependent demand items. He looks at every aspect of forecasting to develop the best strategy for each company.
The third section of Focus Forecasting and DRP breaks down the intricacies of Distribution Resource Planning (DRP). It looks at what DRP is, the history of DRP and all the definitions involved in this planning method. This section provides operating procedures for manufacturers, wholesalers and retailers addressing their unique DRP needs. Creating the DRP data base is laid out in detail and how to deal with special considerations such as multiplant, multiwarehouse, allocations, joint replenishment and identifying and redistributing excess are explained. Finally, a pilot action plan is presented along with seven case studies of successful Focus Forecasting(r) and DRP users.
About the Author
Bernie Smith is a world renowned consultant in the profitable use of computers, systems, and programming in business. His career can be divided into three parts . . . Director of Information Systems Planning and Manager of Marketing Science at Warnaco the fashion apparel conglomerate . . . Vice President Inventory Control and Long Range Planning at ServiStar/Tru Value a 3 billion dollar hardware/lumber distributor ... Consultant at BTSmith and Associates visiting over 500 companies in different parts of the world. Power Planning is a distillation of those experiences. It describes a process companies can use to create practical long range plans and hard hitting operating plans.
The concepts in his books Focus Forecasting Computer Techniques for Inventory Control, Focus Forecasting and DRP Logistics Tools of the 21st Century and Power Planning for Business have been used by 100's of business and government groups to improve customer service, to improve return on assets, to reduce cost of goods sold, and to reduce operating costs.
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- PublisherB. T. Smith and Associates
- Publication date1991
- ISBN 10 0967006910
- ISBN 13 9780967006918
- BindingHardcover
- Number of pages227
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