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Demand Planning uses forecasts to help highlight opportunities and threats; tell us ahead of time what we expect sales of a product to be; and which markets or channels...
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The question of whether forecasts are necessary crops up from time to time. The inescapable conclusion is that no matter what type of business you are in, or what function...
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Designed to deal with sporadic demand (no seasonality) with a two-step process. The main goal is to provide a good safety stock, resulting in a situation where there is neither over or under stock. This is accomplished by considering two aspects of the data: the demand size and the…
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