How to improve forecast accuracy in inventory optimization?

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Date Posted: 2016/11/14

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Why is it necessary for the organisation to forecast its inventory requirements?
Top Answer: Forecast in inventory help the management on determinate the affordable quantity the they need to produce ... See More

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How do you forecast the inventory stock level?
Top Answer: You need 3 input streams History 3 months blocks so 4 blocks over the last 12 is perfect Sales/Operations ... See More

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Which means of Inventory optimization is more efficient? Kanban or Min/Max
Top Answer: Kanban has his limitations and Min-Max has his , there is a possibility of merging Kanban and Min-Max. ... See More

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What are the best practices to achieve inventory optimization ?
Top Answer: Demand Forecasting, lead time forecasting, Inventory segmentation, ABC Analysis, Knowledge capture and In ... See More

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