Forecasting in the Supply Chain Environment

David Frederick Ross
Additional contact information
David Frederick Ross: APICS

Chapter 5 in Distribution Planning and Control, 2015, pp 191-244 from Springer

Abstract: Abstract Much of the success of enterprise planning and decision-making processes depends on the formulation of accurate forecasts. Although it has often been said that nothing happens until a company receives a customer order, unless the enterprise has developed sound plans that enable it to purchase the proper inventory, establish the necessary supply channels, and deliver goods on a competitive basis, the business cannot possibly hope to achieve corporate objectives. In addition, forecasting permits firms to establish performance measurements for customer service, plan the level of total inventory investment, choose between alternative operating strategies, and develop assumptions about the ability of the business to respond to the future needs of the marketplace.

Keywords: Collaborative Planning; Forecasting And Replenishment (CPFR); Forecasting Techniques; Mean Absolute Percentage Error (MAPE); Supply Chain Event Management (SCEM); Forecasting Associates (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4899-7578-2_5

Ordering information: This item can be ordered from
http://www.springer.com/9781489975782

DOI: 10.1007/978-1-4899-7578-2_5

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().