by Jon Schreibfeder | Mar 15, 2013 | Forecasting
Most computer ERP (enterprise resource planning) software packages replenish inventory with minimum and maximum quantities or reorder points and reorder quantities. The forecast, a prediction of what you are going to sell or use in the future, is an integral element...
by Jon Schreibfeder | Sep 19, 2012 | Forecasting
Promotions are designed to increase sales of particular products over a short period of time. In order for predictions of future demand to be as accurate as possible, it is important both to include the anticipated effects of a particular promotion in calculating a...
by Jon Schreibfeder | Sep 19, 2012 | Forecasting
When we founded Effective Inventory Management (EIM) in 1996, our goal was to help organizations throughout the world achieve the goal of effective inventory management – that is, to meet or exceed customers’ expectations of product availability while maximizing...
by Jon Schreibfeder | Jun 1, 2012 | Forecasting
When we founded Effective Inventory Management (EIM) in 1996, our goal was to help organizations throughout the world achieve the goal of effective inventory management – that is, to meet or exceed customers’ expectations of product availability while maximizing...
by Jon Schreibfeder | Nov 5, 2010 | Forecasting
When you hear the term “business to business (B2B) E-commerce” what comes to mind? Buyers looking through online catalogs and placing orders for needed products? Companies sending purchase orders via EDI (electronic data interchange) that are automatically...
by Jon Schreibfeder | Mar 5, 2003 | Forecasting
“What you sold or used in the past is usually a good indication of what you will sell or use in the future”. This is one of the basic “truths” of forecasting future demand of stocked items. In our last article, “Why Weekly Forecasting...
