SCM Chapter 5
SCM Chapter 5
Management
Demand Forecasting Ch-5
Session-6
What is Forecasting?
??
Forecasting Time Horizons
Types of Forecasts
Seven Steps in Forecasting
The Realities!
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Forecasting Approaches
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Forecasting Approaches
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Overview of Qualitative Methods
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Overview of Qualitative Methods
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Jury of Executive Opinion
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Delphi Method
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Sales Force Composite
Each salesperson projects his or her
sales
Combined at district and national levels
Sales reps know customers’ wants
Tends to be overly optimistic
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Consumer Market Survey
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Overview of Quantitative
Approaches
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Time Series Forecasting
Time Series Components
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Components of Demand
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Trend Component
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Seasonal Component
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Cyclical Component
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
Random Component
Reference: Principle of Supply Chain Management 5th Edition by Wisner, Tan &
ASSIGNMENT # 1
1. Search on the term supply chain management software applications, and
write a paper about how companies use these to improve their financial
performance