Short-term forecasting and stock control in the real world
Tags: SALES forecasting; INVENTORY control
Related Articles
- CPFR can work - but don't get hung up on the dogma. Roberts, Simon // Frontline Solutions;Jun2003 Supplement, Vol. 4, p24
The article discusses the application of collaborative planning, forecasting and replenishment (CPFR) concept in the supply chain operation. Advantage of information technology realignment in deploying CPFR; Viability of CPFR to increase point-of-sale forecast accuracy; Suggestion for the...
- APPLICATION OF DISCRETE VARIABLE SERVO THEORY TO INVENTORY CONTROL. Vassian, Herbert J. // Journal of the Operations Research Society of America;Aug55, Vol. 3 Issue 3, p272
Until recently the bases for designing inventory control systems have been poorly understood. This paper discusses the application of discrete variable servo theory to the analysis of inventory control systems, using the simplest periodic inventory replenishment case as an example. The objective...
- HOW TO USE SUPPLY CHAIN DESIGN TO REDUCE FORECAST FRICTION. Klatch, Wally // Journal of Business Forecasting;Spring2007, Vol. 26 Issue 1, p23
The article discusses the relationship between Forecasting and Supply Chain and the tactical level of forecasting as it applies to operational-level forecasting. A typical response to forecast friction by the Forecasting function and the Supply Chain function is for each function to make an...
- Life in the Fast Lane: Open-to-Buy vs. Balance-to-Buy. Sherman, Abe; Lefever, Steve; Owen, Laurie // JCK;Jul2004, Vol. 175 Issue 7, p88
Discusses a process called balance-to-buy which is used for forecasting sales and establishing a budget for inventory for jewelry businesses. Differences between open-to-buy and balance-to-buy processes; Review of sales by category and sell-price as it relates to inventory on hand by category...
- BUILDING THROUGH EFFECTIVE MERCHANDISE PLANNING. // Tech Trader;Jun2010, Vol. 2 Issue 5, p52
The article discusses the implication of merchandise planning in maximizing the return of investment. It states that the approach is directed at making the most of the investment through planning sales and inventory so that profitability will increase. It mentions the benefits of effective...
- Do Inventory Disclosures Predict Sales and Earnings? Bernard, Victor; Noel, James // Journal of Accounting, Auditing & Finance;Spring91, Vol. 6 Issue 2, p145
This study investigates what can be learned from inventory disclosures about future sales and earnings, that cannot be learned from current and past values of those .same series. The findings indicate that inventory disclosures are incrementally useful in predicting sales and earnings, but that...
- For Toyota, success comes with risks. Chappell, Lindsay // Automotive News;6/13/2005, Vol. 79 Issue 6152, p32D
This article presents information on the sales of Toyota Motor Corp. The company is poised to announce plans to build at least one new auto plant in North America. It is moving deeper into big trucks at a time when high gasoline prices are putting a cloud over the segment. It is investing...
- COORDINATING DECISIONS FOR INCREASED PROFITS. King, R. H.; Love, Jr., R. R. // Interfaces;Dec80, Vol. 10 Issue 6, p4
This paper describes how a major tire manufacturer has attained an increase in productivity through the application of Management Science. Like most manufacturers. The Kelly-Springfield Tire Company has long recognized the difficulty and importance of coordinating sales forecasting, inventory...
- Ventura Foods Improves Demand Forecasts. Albright, Brian // Frontline Solutions;Jul/Aug2005, Vol. 6 Issue 6, p36
Reports that edible oils manufacturer Ventura Foods LLC has improved its demand forecasting software from Terra Technology, the Real-Time Forecasting (RTF) system which has helped the manufacturer lower inventory levels, managed transportation costs and reduced forecast errors. Importance of...
