Influence of Demand Forecasting in reducing the percentage of Safety Inventory of a Company’s Supply Chain to generate higher efficiency

Khan, Abid Hassan; Shahriar, Fahim

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dc.contributor.author	Khan, Abid Hassan
dc.contributor.author	Shahriar, Fahim
dc.date.accessioned	2021-10-07T06:26:17Z
dc.date.available	2021-10-07T06:26:17Z
dc.date.issued	2017-11-15
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dc.identifier.uri	http://hdl.handle.net/123456789/1130
dc.description	Supervised by Dr. Abu Raihan Md. Harunur Rashid, Department of Mechanical and Chemical Engineering (MCE), Islamic University of Technology (IUT), Board Bazar, Gazipur-1704, Bangladesh.	en_US
dc.description.abstract	In this research, we discuss the definition of Demand Forecasting and Safety Inventory and synthesize both to get the impact of their relation for having a higher efficiency. We look at the overlap between demand forecasting and safety inventory and the interdependence of the two. We also discuss the historical development of this topics. We look at the various forecasting methods and provides the best one. We then understand the impact of safety inventory and how it influences the overall in fluency of a company. We take a brief journey through various forecasting thoughts and their influence on our understanding of management. Lastly, we use the knowledge generated from the study for giving the company an optimized inventory management solution, which will eventually contribute in generating higher efficiency and effectiveness as well.	en_US
dc.language.iso	en	en_US
dc.publisher	Department of Mechanical and Production Engineering (MPE),Islamic University of Technology(IUT), Board Bazar, Gazipur, Bangladesh	en_US
dc.title	Influence of Demand Forecasting in reducing the percentage of Safety Inventory of a Company’s Supply Chain to generate higher efficiency	en_US
dc.type	Thesis	en_US