A new approach to demand planning
Integrating the planning of sporadic and slow moving parts within the normal planning process
Reduces inventory, improves service
This whitepaper looks at the challenge of managing forecasts for sporadic and/or slow moving parts within the normal business forecasting processes.
It discusses techniques that have been developed to accurately forecast demand and efficiently manage the inventory for such items. These techniques have proven to be generally applicable for many items with a sparse demand pattern—not just true slow movers, but also items that sell in large volumes when they do sell.
More accurate forecasting brings real business benefits, including:
Improved customer service
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