Fantastic Stochastics – Effectively Planning for Items with Intermittent Demand
Logility
DECEMBER 13, 2017
Any demand planner will tell you some of the most difficult items to plan accurately are those that exhibit an intermittent or irregular demand pattern. This type of demand pattern is characteristic of service parts inventory, wholesale distribution and capital goods. Such items are also referred to as slow moving, lumpy or long-tail items. Statistical methods don’t handle periods with zero demand and tricking these methods by adding a value of one to zero periods simply over-inflates dema
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