Lost sales in historical demand data can remain forever, affecting (negatively) future forecasting endeavors.
Supply chain news outlets are abuzz with stories on how the Coronavirus is wreaking havoc on name-brand companies the world over.
SKU rationalization considerations should be part of your monthly inventory planning cycle.
When you create a forecast using this moving average method, you predetermine the number of periods to average to get a forecast for the next period.
When you create a forecast using exponential smoothing, you have the opportunity to use your own personal insights..
This forecasting method simply states that we forecast that this period will be the same as the previous period.
This is an overview of some basic forecasting methods. These basic forecasting methods are broken into two categories..