The COVID-19 crisis has impacted all demand forecasting models, whatever your industry. Depending on the type of items you’re dealing with (low vs...
Category: Demand Forecasting
How to detect outliers for improved demand forecasting
Most supply chains expect some demand variability and therefore, one must choose the correct forecast model, as can be seen in our previous...
Adding seasonality to demand forecasting
Seasonal products are common in many industries and can involve a large number of factors such as the influence of seasonal weather changes...
Improving demand planning with a double exponential smoothing model
Accuracy in the demand forecasts for the Sales and Operations Planning (S&OP) process is extremely important and is fundamental to its success within a...
How to pick the best demand forecasting method to improve demand planning
Future demand forecast is the basis for all strategic and planning decisions in a supply chain. A company defines its efforts according to...