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Archive for the Operation Management Category

Toyota Supply Chain Management

Toyota Supply Chain Management

http://youtu.be/IRb4yOKrzs0

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Quality Management (Lucy candy wrapping)

Quality Management (Lucy candy wrapping)
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Material Requirments Planning (MRP) tutorial

Material Requirments Planning (MRP) tutorial

Material Requirment Planning on the basis of: 01. Customer demand 02. Material capability 03. Make-To-Order 04. Make –To-Stock 05. Dynamic buffer or coverage profile 06. Lead time (different mode) 07. More then one supplier for a part 08. Supplier share of business 09. Stock 10. Minimum Order Quantity 11. Optimum Order Quantity 12. Many other simulation functions   Here you

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Material Requirments Planning (MRP) using Excel

Material Requirments Planning (MRP) using Excel

MRP_Excel.zip from Production-Scheduling.com is a free Manufacturing Resource Planning tool in an Excel workbook. It uses no macros or VBA code and it’s not locked: anyone who knows Excel can customize it to suit his or her needs. Excel-based MRP systems have several advantages, such as the ability to use schedules and other data already entered in Excel; greater familiarity

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Basic concepts of MRP (Material Requirements Planning)

Basic concepts of MRP (Material Requirements Planning)

Following are the basic concept of MRP: Independent vs. Dependent demand Lumpy demand Lead time Common use items Time phasing Independent vs. Dependent demand Independent Demand: An inventory of an item is said to be falling into the category of independent demand when the demand for such an item is not dependent upon the demand for another item. Finished goods

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What Is Trend Forecasting?

What Is Trend Forecasting?

Trend forecasting is a complicated but useful way to look at past sales or market growth, determine possible trends from that data and use the information to extrapolate what could happen in the future. Marketing experts typically utilize trend forecasting to help determine potential future sales growth. Many areas of a business can use forecasting, and examining the concept as

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How to Run a Multivariate Regression in Excel

How to Run a Multivariate Regression in Excel

Multivariate regression enables you to relate one dependent variable to multiple independent variables you’ve derived from surveys or measurements. This type of data analysis helps you search for the effects of your observed data on a related condition or predict a condition based on other related observations. It can reveal predictive patterns that help you understand your customers and enhance

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Multivariate Techniques in Business

Multivariate Techniques in Business

In order to be meaningful, market survey questions must often be complex and multilayered and answers can vary depending on a number of conditions and factors. Business people use multivariate techniques to analyze consumer responses by grouping the different consumer responses into meaningful categories or clusters of information in order to determine the relevant relationships between the responses and the

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Regression: LINEST() function for multivariate regression

Regression: LINEST() function for multivariate regression

How to use the array formula LINEST in Excel for linear regression analysis      

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Economic Order Quantity (EOQ), definition and formula

Economic Order Quantity (EOQ), definition and formula

By Joannes Vermorel EOQ is the backorder quantity for replenishment that minimizes total inventory costs. The backorder is triggered when the inventory level hits the reorder point. The EOQ is calculated in order to minimize a combination of costs such as the purchase cost (which may include volume discounts), the inventory holding cost, the ordering cost, etc. The order quantity

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