What is the difference between Demand planning and Inventory optimization ?

The Smart Forecaster

Pursuing best practices in demand planning,

forecasting and inventory optimization

What is the difference between Demand planning and Inventory optimization ? 

The Smart Demand Planning app (SDP) provides demand forecasts. The SDP forecasting engine is also the core of the Smart Inventory Optimization app (SIO), which stress-tests various inventory policies using a number of demand scenarios to find optimal inventory policy settings.

 

 

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    Forecasting Techniques for a more profitable business

    The Smart Forecaster

     Pursuing best practices in demand planning,

    forecasting and inventory optimization

    Improve Forecast Accuracy, Eliminate Excess Inventory, & Maximize Service Levels

     

    In this Video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares the most useful Forecasting Techniques: Exponential Smoothing, Single Exponential Smoothing, Holt’s Method and Winter’s Method.  These videos explain the basic thinking under each technique as well as the math behind them, how they are used in practice and the tradeoff of each method.

    Forecasting Techniques for a more profitable business
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    Top Five Tips for New Demand Planners and Forecasters

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      TOP 3 COMMON INVENTORY POLICIES

      The Smart Forecaster

       Pursuing best practices in demand planning,

      forecasting and inventory optimization

      Inventory control policies and strategies for a more profitable business

      In this Video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares the three most used inventory control policies. These policies are divided into two groups, periodic review and continuous review. There is also a fourth policy called MRP logic or forecast based inventory planning which is the subject of a separate video blog that you can see here. These videos explain each policy, how they are used in practice and the pros and cons of each approach.

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      RECENT POSTS

      Top Five Tips for New Demand Planners and Forecasters

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          RECENT POSTS

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