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

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

Forecasting Strengths *

Forecasting Weaknesses *

Examples of Forecasting *

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Business Application

Forecasting Implementation *

Success Factors of Forecasting *

Measures of Forecasting *

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Professional Tools

Forecasting Videos *

Forecasting Downloads *

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Further Reading

Forecasting Web Resources *

Forecasting 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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