Intermittent Demand Forecasting: Context, Methods and Applications

Intermittent Demand Forecasting is a book that focuses on improving forecasts of intermittent demand products and enhancing inventory management. It is for practitioners, software designers, students, academics, and researchers, and provides key formulae with worked examples and technical notes. The book covers both the theory and practice of intermittent demand forecasting and is expected to become the bible of the field.

\n Format: Hardback
\n Length: 400 pages
\n Publication date: 17 June 2021
\n Publisher: John Wiley and Sons Ltd
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Intermittent demand forecasting is a crucial field for those seeking to improve their predictions of products with irregular demand patterns and optimize inventory management. Whether you are a practitioner, software designer, student, academic, or researcher, this book offers valuable insights and practical approaches to enhance your understanding and expertise in this domain.

The book begins by introducing the concept of intermittent demand forecasting and its significance in achieving sustainability goals. It emphasizes the importance of reducing consumption and waste by effectively managing inventory levels. The authors clarify that intermittent demand forecasting is not limited to specific industries but can be applied across various sectors.

The book is designed to be accessible to readers with no prior knowledge of intermittent demand forecasting or inventory management. It provides clear explanations of key formulae and concepts through worked examples and technical notes. Additionally, an extensive collection of references is provided for those who wish to delve deeper into the theory and research in this field.

Software developments related to intermittent demand forecasting are also reviewed, providing an appreciation of the current state-of-the-art in commercial and open-source software. This section highlights the tools and technologies available to practitioners and researchers, enabling them to implement effective forecasting strategies and optimize inventory management processes.

One of the standout features of this book is its practical approach. The authors have drawn from their extensive experience in the field and have included real-world examples and case studies to illustrate the application of intermittent demand forecasting techniques. These examples showcase the benefits and challenges of implementing forecasting solutions and provide valuable insights for practitioners seeking to improve their forecasting accuracy and efficiency.

The book concludes by emphasizing the importance of continuous learning and adaptation in intermittent demand forecasting. It encourages practitioners to stay updated with the latest research and trends in the field and to be open to exploring new approaches and technologies. The authors also suggest ways in which organizations can collaborate and share best practices to further advance the field and achieve sustainable outcomes.

In summary, Intermittent Demand Forecasting is a comprehensive and practical guide that offers valuable insights and techniques for improving forecasts of intermittent demand products and enhancing inventory management. Whether you are a practitioner, academic, or researcher, this book will inspire you to rethink demand forecasting and contribute towards significant economic and environmental benefits.

\n Weight: 920g\n
Dimension: 176 x 252 x 26 (mm)\n
ISBN-13: 9781119976080\n \n