Creating 'Visible Forecasts'! Forecasting Techniques in Manufacturing Sites
Take a step to improve sales and demand forecasting, and reduce waste in production and ordering.
Forecasting (demand forecasting) is an essential method for production, ordering, and inventory management in the manufacturing industry. This article organizes the basic concepts of forecasting and its differences from backcasting, while explaining how to maintain forecasting accuracy in manufacturing settings. Specifically, it introduces points such as how to analyze past performance data, labor data, and market trends, how to differentiate between ordering methods (quantitative ordering / periodic ordering), and how to collaborate with sales and supply chains. Furthermore, it presents efficiency methods through data automation using production management systems, incorporating successful case studies while considering the resource constraints and personalization challenges that small and medium-sized enterprises often face. 【What you can learn from this explanatory article】 - The basics and significance of forecasting (demand forecasting) - Differences from backcasting and how to differentiate their use - Application methods in production and ordering operations - Tips for improving forecasting accuracy through data automation - Challenges unique to medium-sized enterprises and perspectives for solutions, etc. >> You can read more in the article linked below【▶ Click here for the full article】! <<
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