Executive Summary Forecasting software is very frequently poorly selected. There are important implications for using incorrect fitting software to requirements. Introduction In speaking recently with a consensus sales forecasting software vendor, it was explained to me that in their space many of the companies they deal with often try to use utterly inappropriate forecasting solutions…
Executive Summary Intermittent or lumpy demand is often thought to be better forecasted with sophisticated methods. As per J. Scott Armstrong’s research and our research, more complex methods do not work with intermittent or lumpy demand. In this article, we cover using Crostons, smoothing, and the moving average for intermittent demand. Introduction: The History of…
Executive Summary Intermittent of lumpy demand increases because of specific decisions by marketing, sales, and other companies’ areas. Trader Joe’s breaks with the trend of having higher percentages of the product database being intermittent. Introduction Many question how lumpy demand, also called intermittent demand forecasting, is performed. Lumpy demand history is rising as marketing increasingly…
Executive Summary What are Predictive Markets? The basics of Predictive Markets and supply chain forecasting. <br ” />What Are Predictive Markets? Predictive markets cover the study of obtaining information from many individuals that result in a better future forecast than any one individual. They come to supply chain from finance and are based on many…