Demand forecasting and production planning are the main planning issues in industry. Poor forecasting and ineffective production planning procedures result in either excess inventories or unmet demand. In either case company faces with excessive losses. Over the past century, scientific management principles have been highly developed and can be used to solve these problems. However, many companies either lack engineering and management knowledge in this respect or are careless in applying

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... dy available forecasting and planning tools. This study presents a case application which illustrates the use of available management tools and shows how a significant amount of cost savings can be achieved by just applying basic tools and procedures. The paper can be useful for practicing engineers and production planning managers in future applications.