Forecasting
The concept has been created to help practitioners learn how to explore and analyse their firm’s data and understand its forecasting performance. It introduces the fundamentals of forecasting methods and processes, and summarises its strengths, success factors and performance measurements.
Technique Overview
Forecasting Definition
Forecasting methods encompass techniques employed to systematically analyse data and information in an attempt to predict future patterns, trends or performance (Lysons and Farrington, 2006).
Forecasting Description *
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Business Evidence
Strengths, weaknesses and examples of Forecasting *
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Business Application
Implementation, success factors and measures of Forecasting *
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Professional Tools
Forecasting videos and downloads *
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Further Reading
Forecasting web and print resources *
Forecasting references (4 of up to 20) *
- Bixby, A., Downs, B. and Self, M. (2006) A Scheduling and Capable-to-promise Application for Swift & Company. Interfaces, Vol. 36(1), pp. 69-86.
- Boyer, K. and Verma, R. (2010) Operations and Supply Chain Management for the 21st Century. Cengage: Mason, OH.
- CIPS: Demand planning.
- Davis, T. (1993) Effective Supply Chain Management. Sloan Management Review, Summer, pp. 35-45.
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