In this second webinar with Kien Leong, we present to you how you can use an automated forecast baseline to make your demand planning process more efficient.
Hi Nicholas read both your books and am introducing them in curriculum in our organization. We forecast and order spare parts for MRO to support a wide variety of equipment. The kind of demand we encounter is low, intermittent and lumpy. Please include methods for forecasting such demands in your new book or in revised editions of your previous books.
Hello Khurram, Thank you for your support! This is a very good question (that I get often). Unfortunately, there are no silver bullets against intermittent, lumpy, low demand. Instead of looking for a better forecasting model, you might have to spend time optimizing your inventory policies.
Hi Nicholas read both your books and am introducing them in curriculum in our organization. We forecast and order spare parts for MRO to support a wide variety of equipment. The kind of demand we encounter is low, intermittent and lumpy. Please include methods for forecasting such demands in your new book or in revised editions of your previous books.
Hello Khurram,
Thank you for your support!
This is a very good question (that I get often). Unfortunately, there are no silver bullets against intermittent, lumpy, low demand.
Instead of looking for a better forecasting model, you might have to spend time optimizing your inventory policies.
😂 ᵖʳᵒᵐᵒˢᵐ