Establishment and Application of Small Batch Material Production Arrangement Model Based on Time Series

Abstract

The inventory management of multi-variety and small-batch material production is one of the important bases to maintain normal operation of manufacturing industry.This paper introduces a method of setting up the weekly forecast model of material demand to help enterprises make reasonable arrangement of material production.This model takes into account the comprehensive factors such as the predicted value of demand, the characteristics of demand, inventory and shortage quantity, so as to avoid the possible large inventory or shortage problem, improve the production efficiency and customer satisfaction, reduce the inventory cost, and bring economic benefits and competitive advantages for enterprises.