Creating and Exploiting Probabilistic Forecasting Scenarios Sequence 2
Creating and Exploiting Probabilistic Forecasting Scenarios Sequence 2
Recent Posts
The Methods of ForecastingDemand planning and statistical forecasting software play a pivotal role in effective business management by incorporating features that significantly enhance forecasting accuracy. One key aspect involves the utilization of smoothing-based or extrapolative models, enabling businesses to quickly make predictions based solely on historical data. This foundation rooted in past performance is crucial for understanding trends and patterns, especially in variables like sales or product demand. Forecasting software goes beyond mere data analysis by allowing the blending of professional judgment with statistical forecasts, recognizing that forecasting is not a one-size-fits-all process. This flexibility enables businesses to incorporate human insights and industry knowledge into the forecasting model, ensuring a more nuanced and accurate prediction. […]
Learning from Inventory ModelsIn this video blog, the spotlight is on a critical aspect of inventory management: the analysis and interpretation of inventory data. The focus is specifically on a dataset from a public transit agency detailing spare parts for buses. […]
Irregular OperationsThis blog is about “irregular operations.” Smart Software is in the process of adapting our products to help you cope with your own irregular ops. This is a preview. […]
Smart Posts
- Irregular OperationsBlog, Inventory control, Inventory OptimizationThis blog is about “irregular operations.” Smart Software is in the process of adapting our products to help you cope with your own irregular ops. This is a preview. […]
The Cost of Spreadsheet PlanningBlog, Demand Planning, Inventory OptimizationCompanies that depend on spreadsheets for demand planning, forecasting, and inventory management are often constrained by the spreadsheet’s inherent limitations. This post examines the drawbacks of traditional inventory management approaches caused by spreadsheets and their associated costs, contrasting these with the significant benefits gained from embracing state-of-the-art planning technologies. […]
Finding Your Spot on the Inventory Tradeoff CurveBlog, Inventory control, Inventory OptimizationThis video blog holds essential insights for those working with the complexities of inventory management. The session focuses on striking the right balance within the inventory tradeoff curve, inviting viewers to understand the deep-seated importance of this equilibrium. […]