Abstract
A forecast is an estimate of future demand and is an absolute requirement for inventory planning. An exception could be if the product is made or purchased to order. Even in this situation, an estimate of future requirements would still be needed for capacity and/or financial planning. An accurate forecast will allow improved customer service, as well as better inventory and capacity management.
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Toomey, J.W. (2000). Forecasting. In: Inventory Management. Materials Management / Logistics Series, vol 12. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4363-3_3
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DOI: https://doi.org/10.1007/978-1-4615-4363-3_3
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-6961-5
Online ISBN: 978-1-4615-4363-3
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