Managing the Long Tail of the Supply Chain Part 4: Five Takeaways
ToolsGroup
JULY 28, 2015
service levels with 20% inventory reductions. When demand is variable and intermittent, classic forecasting and inventory models do not perform well – many consider items with very low demand rates “unforecastable.” Traditional “single number” forecasts and forecast accuracy metrics are nearly meaningless in the long tail environment.
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