HM557Prod_Forecast

HM557Prod_Forecast - Some Production Terminology and...

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Some Production Terminology and Forecasting used with Purchasing
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Production Production follows “Procurement or  Purchasing.” Managers may be not involved in day to day  production but should know how its working.
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FS Mgrs’ Roles in Production Menu Establishment Forecasting  Scheduling for Production  Feedback
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Forecasting How many portions of food we need to  prepare?
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Forecasting Influenced by:  Weather, season.  Time and type of the operation.  Special promotions.  Current –Future trends.  General economic condition. 
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Purposes of Forecasting Prevent overproduction and underproduction. Assist with purchasing. Efficient use of labor, equipment and space.
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Forecasting Methods Three main Methods we will learn are: Popularity Index (PI) Menu Factor Analysis (MFA) Average Count
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Past data. Critical for forecasting.
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HM557Prod_Forecast - Some Production Terminology and...

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