Forecasting and material requirements planning / Noor Izah Ismail
"Forecasting is· a process of estimating a future event by casting forward past data. The past data are systematically combined in a predetermined way to obtain the estimate of the future"1. Forecasting is subphase of planning. In a management process, planning, organizing, and controlling...
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| Language: | en |
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Universiti Teknologi MARA Cawangan Pahang
1989
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| Online Access: | https://ir.uitm.edu.my/id/eprint/60849/1/60849.PDF https://ir.uitm.edu.my/id/eprint/60849/ |
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| _version_ | 1833071945269116928 |
|---|---|
| author | Ismail, Noor Izah |
| author_facet | Ismail, Noor Izah |
| author_sort | Ismail, Noor Izah |
| building | Tun Abdul Razak Library |
| collection | Institutional Repository |
| content_provider | Universiti Teknologi Mara |
| content_source | UiTM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | "Forecasting is· a process of estimating a future event by casting forward past data. The past data are systematically combined in a predetermined way to obtain the estimate of the future"1. Forecasting is subphase of planning. In a management process, planning, organizing, and controlling are not independent processes, rather they interrelate and overlap. However, if operations are properly planned and organized, control would be smoother and easier. Forecasting, when introduced, can reduce the costs of readjusting operations in response to unexpected deviations by specifying future demand. Therefore, if the planning process is well conceived and actual production is effectively and efficiently carried out, there is a likelihood of high productivity. On the other hand, if the forecast has considerable error, even a well conceived plan and an excellent operating performance may result in a disappointing productivity. In a production system, one of the ways to achieve productivity is the use of Material Requirements Planning. |
| format | Article |
| id | my.uitm.ir-60849 |
| institution | Universiti Teknologi Mara |
| language | en |
| publishDate | 1989 |
| publisher | Universiti Teknologi MARA Cawangan Pahang |
| record_format | eprints |
| spelling | my.uitm.ir-608492022-11-23T03:11:06Z https://ir.uitm.edu.my/id/eprint/60849/ Forecasting and material requirements planning / Noor Izah Ismail gading Ismail, Noor Izah Management. Industrial Management Planning. Business planning. Strategic planning Organization "Forecasting is· a process of estimating a future event by casting forward past data. The past data are systematically combined in a predetermined way to obtain the estimate of the future"1. Forecasting is subphase of planning. In a management process, planning, organizing, and controlling are not independent processes, rather they interrelate and overlap. However, if operations are properly planned and organized, control would be smoother and easier. Forecasting, when introduced, can reduce the costs of readjusting operations in response to unexpected deviations by specifying future demand. Therefore, if the planning process is well conceived and actual production is effectively and efficiently carried out, there is a likelihood of high productivity. On the other hand, if the forecast has considerable error, even a well conceived plan and an excellent operating performance may result in a disappointing productivity. In a production system, one of the ways to achieve productivity is the use of Material Requirements Planning. Universiti Teknologi MARA Cawangan Pahang 1989 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/60849/1/60849.PDF Forecasting and material requirements planning / Noor Izah Ismail. (1989) GADING Majalah Akademik ITM Cawangan Pahang <https://ir.uitm.edu.my/view/publication/GADING_Majalah_Akademik_ITM_Cawangan_Pahang/>, 1 (4): 5. pp. 42-53. |
| spellingShingle | Management. Industrial Management Planning. Business planning. Strategic planning Organization Ismail, Noor Izah Forecasting and material requirements planning / Noor Izah Ismail |
| title | Forecasting and material requirements planning / Noor Izah Ismail |
| title_full | Forecasting and material requirements planning / Noor Izah Ismail |
| title_fullStr | Forecasting and material requirements planning / Noor Izah Ismail |
| title_full_unstemmed | Forecasting and material requirements planning / Noor Izah Ismail |
| title_short | Forecasting and material requirements planning / Noor Izah Ismail |
| title_sort | forecasting and material requirements planning / noor izah ismail |
| topic | Management. Industrial Management Planning. Business planning. Strategic planning Organization |
| url | https://ir.uitm.edu.my/id/eprint/60849/1/60849.PDF https://ir.uitm.edu.my/id/eprint/60849/ |
| url_provider | http://ir.uitm.edu.my/ |