UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 11 Issue 6
June-2024
eISSN: 2349-5162

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Published Paper ID:
JETIR2406055


Registration ID:
542398

Page Number

a443-a450

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Title

Development of an Accurate Demand Forecasting Model and Production Planning Strategies to Ensure Optimal Resource Utilization

Abstract

According to a research paper titled 'Causes of Food Loss and Waste: An Analysis Along the Food Supply Chain,' published by the CEMMPRE, Department of Mechanical Engineering, University of Coimbra in July 2018, it is projected that food production will increase by roughly 70% by 2050, yet approximately one-third of the food is lost or wasted. Hence, an accurate demand forecasting can improve production schedules, reduce surplus inventory, and lessen the chance of food wastage. This not only increases operating efficiency but also helps to achieve sustainability objectives by reducing food waste. This paper is to provide an accurate demand forecasting model and effective production planning techniques. With the help of historical data analysis, seasonal variations, and demand fluctuations, the project aims to solve the problems with demand prediction and production schedule planning. _________________________

Key Words

Supply Chain Management, Inventory Management, Trend Analysis, Standardization Methods

Cite This Article

"Development of an Accurate Demand Forecasting Model and Production Planning Strategies to Ensure Optimal Resource Utilization", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 6, page no.a443-a450, June-2024, Available :http://www.jetir.org/papers/JETIR2406055.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Development of an Accurate Demand Forecasting Model and Production Planning Strategies to Ensure Optimal Resource Utilization", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 6, page no. ppa443-a450, June-2024, Available at : http://www.jetir.org/papers/JETIR2406055.pdf

Publication Details

Published Paper ID: JETIR2406055
Registration ID: 542398
Published In: Volume 11 | Issue 6 | Year June-2024
DOI (Digital Object Identifier):
Page No: a443-a450
Country: Ahmedabad, Gujarat, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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