Improvement of Resource Utilisation Through Forecasting, Planning, and Information Flow

Author:

Coulthard Guy1,Baxter Carl1,Binh Tu Van2

Affiliation:

1. University of Lincoln, UK

2. University of Economics Ho Chi Minh City, Vietnam & CFVG, Vietnam

Abstract

Demand forecasting and production planning are challenging issues when working to supply perishable goods to fulfil supermarket requirements as opposed to dry goods that can be manufactured and have a fixed storage life. The focus of this report is on the improvement of resource utilisation through better forecasting, planning, and information flow. There is a fluctuation for labour demand within the processing function; controlling the number of staff daily is vital to the efficient running of production and waste reduction. It is the belief for the management that left unchecked the production planners can tend to overorder staff as a contingency.

Publisher

IGI Global

Reference20 articles.

1. Forecasting systems for production and inventory control.;C.Beard;International Journal of Operations & Production Management,1992

2. Charumilind, S., Turabi, P., Finn, O., & Usher, A. (2020). Demystifying modeling: How quantitative models can and cant change the world. Mckinsey and Company. Available from https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Risk/Our%20Insights/Demystifying%20modeling%20How%20quantitative%20models%20can%20and%20cant%20explain%20the%20world/Demystifying-modeling-how-quantitative-models-VF.pdf

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