The Smart Forecaster Blog: Data Driven Management
Pursuing best practices in demand planning, forecasting and inventory optimization
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.
Forecasting and the Rising Tide of Big Data
“Trillions of records of millions of people…Finding the useful and right information, understanding its quality and producing reliable analyzed data in a timely and cost-effective manner are all critical issues.”
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.
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?
Recent Posts
Automatic Forecasting for Time Series Demand ProjectionsIn 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. […]
Smart Software to Present at NESCON 2020Greg 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. […]