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Essay Details:
Essay text:
The company is experiencing an increase in demand for their products. Kuiper Leda can produce the product and save inventory carrying cost by using a just-in-time inventory management process. Inventory control will be essential to Kuiper Leda. "Just-in-time manufacturing uses classical production ?consumption inventory designed to integrate activities to achieve high-volume, high-quality production using minimal inventories of raw materials, work-in-process, and finished goods." (Chase, Jacobs, Aquilano, p. 589, 2005)
Forecasting and time series analysis
Kuiper Leda needs to be able to forecast the needed changes in the production process in order to meet customer demand...
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