Please enable JavaScript.
Coggle requires JavaScript to display documents.
Basic principles and demand forecasting (Forecasting methods (Methods…
Basic principles and demand forecasting
Company results
DuPont analysis
Influence of logistics
Market expansion
Cost reduction
Increase in rate of turnover
Outsourcing of certain activities
Return of investment (ROI)
Turnover and profit contribution
80/20 rule
(20% of the products are accountable for 80% of profit)
ABC analysis
Relative profit contribution
Order policy
Warehouse layout
Storege policy
Forecasting methods
Aggregation forecasts are more accurate
Closer forecast is more accurate
Forecast horizon
Methods
Intuition
Subjective choices play a dominant role
Qualitative models
The course is determined by (consumer) research
Casual models
Behaviour is determined by one or more variables
Time series models
The trend is determined based on historic values
Time series forecasting
Moving average
Mean absolute deviation (MAD)
Mean square error (MSE)
The weighted moving average
Exponential smoothing