Hi Nicholas read both your books and am introducing them in curriculum in our organization. We forecast and order spare parts for MRO to support a wide variety of equipment. The kind of demand we encounter is low, intermittent and lumpy. Please include methods for forecasting such demands in your new book or in revised editions of your previous books.
Hey Nicolas, thanks so much for sharing your knowledge! Have a little question for you, let's say there is this company X for which I have done a demand forecast for 2022. Now, this company has to go through a re-branding process in July, what would you say is a sensible way to adjust/modify/include that event in my forecast? Because I feel that my forecast will over estimate demand for Q3 and Q4. Thanks!
Hello Franco, no model can forecast such an event. Instead, I would leverage your teams' ideas (just make sure to follow the wisdom of the crowd's best practices)
Hi Nicholas read both your books and am introducing them in curriculum in our organization. We forecast and order spare parts for MRO to support a wide variety of equipment. The kind of demand we encounter is low, intermittent and lumpy. Please include methods for forecasting such demands in your new book or in revised editions of your previous books.
I've published an article on intermittent items here: nicolas-vandeput.medium.com/how-to-forecast-intermittent-products-c5d477b90176
Hey Nicolas, thanks so much for sharing your knowledge! Have a little question for you, let's say there is this company X for which I have done a demand forecast for 2022. Now, this company has to go through a re-branding process in July, what would you say is a sensible way to adjust/modify/include that event in my forecast? Because I feel that my forecast will over estimate demand for Q3 and Q4. Thanks!
Hello Franco, no model can forecast such an event. Instead, I would leverage your teams' ideas (just make sure to follow the wisdom of the crowd's best practices)