Planning and Controlling the Supply Chain

Planning and Controlling the Supply Chain

Planning and Controlling the Supply Chain
ISCOM/471
August 15, 2012

Planning and Controlling the Supply Chain
Methodist Dallas Medical Center forecasting systems differ with ongoing development of structure, performance, evaluation, and improvement. Effective management is fundamental for successful accountability in planning and controlling the supply chain. Each forecast model is high in reliability all through the organization.  Methodist Dallas Medical Center Supply chain management reduces departmentalization by containing the entire supply chain as a single unit. Methodist Dallas Medical Center uses forecasting techniques that are easy to understand, performed in house, and provides easily accessible data. The importance on integration instead of interfacing diverse functions within the supply chain provides seamless control and management for Methodist Dallas Medical Center. Methodist Dallas Medical Center key forecasting techniques, production planning, and material requirement planning are the topics examined in this paper.
Forecasting
Listed below are the four forecasting methods that are utilized within Methodist Dallas Medical Center utilizes forecasting methods to project business flow and revenue stream. Forecasting is beneficial for management, organization, and consumers. Business Dictionary (2012) defines forecasting as:
A planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and analysis of trends. Forecasting starts with certain assumption based on management’s experience, knowledge, and judgment. These estimates are projected into the coming months or years using one or more techniques.  Since any error in the assumptions will result in a similar or magnified error in forecasting, the technique of sensitivity analysis is used which assigns a range of values to the uncertain  variables (para 1).
Economical and Technology
An...

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