The Smart Forecaster Blog: Data Driven Management

Pursuing best practices in demand planning, forecasting and inventory optimization

MAX-MIN OR ROP – ROQ

MAX-MIN OR ROP – ROQ

This guest blog details the differences between Min-Max and Reorder Point- Order Quantity replenishment logic and why it is important. It is authored by Phillip Slater, Founder of SparePartsKNowHow.com the leading educational resource for spare parts management. Mr. Slater is a global leader and consultant on materials management and specifically, engineering spare parts inventory management and optimization.

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Handling Extreme Supply Chain Variability at Rev-A-Shelf

Handling Extreme Supply Chain Variability at Rev-A-Shelf

Does your extended supply chain suffer from extreme seasonal variability? Does this situation challenge your ability to meet service level commitments to your customers? I have grappled with this at Rev-A-Shelf, addressing unusual conditions created by Chinese New Year and other global events, and would like to share the experience and a few things I learned along the way.

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Truth in Forecasting—Practical Advice at Year’s End

Truth in Forecasting—Practical Advice at Year’s End

At year’s end, we are often caught up in thinking and planning for the coming year. Did 2013 turn out the way you expected? Will 2014 be dramatically different? Are there other factors—things we are planning to do; things we think our competitors might do; outside forces like changing taste, demographics or economics—that might change the course of business in the coming year?

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Recent Posts

  • AUTOMATIC FORECASTING Probabilistic Analytics Demand PlanningAutomatic Forecasting for Time Series Demand Projections
    In this video tutorial Dr. Thomas Willemain, co–Founder and SVP Research at Smart Software, presents Automatic Forecasting for Time Series Demand Projections, a specialized algorithmic tournament to determine an appropriate time series model and estimate the parameters to compute the best forecasts methods. […]
  • NESCON keynote address on Inventory Planning ProcessesSmart Software to Present at NESCON 2020
    Greg Hartunian, CEO of Smart Software, under the tittle "Traditional inventory Planning Processes: Problems and Solutions", will present how to empower planning teams to reduce inventory, improve service levels, and increase operational efficiency. […]