Robert Fildes

Effective Demand Forecasting and Improvements Strategies for Supply Chain Planning

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Effective forecasting and judgmental adjustments: an empirical evaluation and strategies for improvement in supply-chain planning

The article reviewed here takes a look at typical biases in supply chain demand planning and how to avoid it. This work could prove very valuable for many companies who rely on manually adjusted forecasts.
Usually the forecasting process uses two steps:
1) statistical forecast by the forecasting system
2) manual adjustment to include additional effects (eg. additional analysis of demand pattern not included in step 1)

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