Maintain Clean Demand Amid Promotions & Supply Chain Issues
Herlitz Inventory Management
MARCH 23, 2023
When it comes to replenishing inventory, or more generally, inventory optimization, demand forecasting is the first and last most important element. After considering all these factors, the final order quantity will have very little to do with the daily or weekly forecast: ^ Economic Order Quantities (EOQ) ^ Vendor Discounts ^ Cost of Money ^ Minimum Order Quantities ^ Buying Multiples ^ Availability Issues ^ Lead Time Issues ^ Customer Bookings ^ Ads Of course, we need a forecast as a foundatio
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