Event Details

Forecasting demand has, if anything, become even more challenging over recent years, as product lives have shortened, distribution channels have become more varied, and inventory reviews have become more frequent.

This webinar will address a number of key issues that should be addressed in today’s forecasting and inventory management systems. We shall look at data requirements and issues arising from inventory record inaccuracy. Then, we move on to performance metrics and ensuring that you have the right forecast accuracy measures in place for your organization. Advances in forecasting approaches will be reviewed, focusing particularly on methods that are suitable for short data histories. We also discuss appropriate responses to sudden shocks in demand histories, such as the shift in demand at the start of the Covid-19 pandemic. These shocks call for the effective combination of judgement and statistical evidence.