Proceedings: 2007 APICS International Conference & Expo
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Using Forecast Performance to Set Safety Stocks
Program Code:
H-15
Date:
Monday, October 22, 2007
Time:
1:00 PM to 2:15 PM
EST
SPEAKER
:
Mary Coté,
CPIM, Business Consultant,
Deltaware Systems, Inc.
Mary Coté, CPIM, worked for seven years as the supply chain planning manager for a frozen potato product manufacturer. She managed the forecasting, inventory planning, and master scheduling of three plants. She is currently a business consultant with Deltaware Systems, Inc. Coté is a frequent speaker at forecasting events around the world. She has a degree in business, with a major in accounting, from Dalhousie University in Halifax, Nova Scotia, Canada.
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Description
Understanding the correlation between safety stock targets and demand patterns is essential to successful planning. Mary Coté, CPIM, a business consultant with Deltaware Systems, Inc., examines safety stock target setting and its correlation with the accuracy of your forecast. Learn the benefits and disadvantages of the various target setting methods. See how your own target setting is influenced by the demand patterns of your company's industry.