Role of forecasting Demand forecasts form the basis of all planning decisions in a supply chain Push:produce to anticipated demand levels Pull:set capacity and component availability levels Forecast time horizons Short term(days,weeks):shift scheduling Medium Term(weeks,months):workforce planning, materials purchasing,promotions Long term (months,years):capacity expansion, capital/financial budget SEIEE AU406 Supply Chain Management 2Role of forecasting  Demand forecasts form the basis of all planning decisions in a supply chain ◦ Push: produce to anticipated demand levels ◦ Pull: set capacity and component availability levels  Forecast time horizons ◦ Short term (days, weeks): shift scheduling ◦ Medium Term (weeks, months): workforce planning, materials purchasing, promotions ◦ Long term (months, years): capacity expansion, capital/financial budget SEIEE AU406 Supply Chain Management 2