Demand and Supply Forecasts for Supply Chain and Retail

Title

Demand and Supply Forecasts for Supply Chain and Retail

Creator

Gupta A.; Nanjundan P.; George J.P.

Description

Demand and supply forecasts serve as the backbone of strategic decision-making in todays rapidly changing business environment, assisting organizations in optimizing inventory levels, production planning, and pricing strategies. The ability to forecast demand and supply accurately is critical for effective supply chain and retail management. This chapter provides a comprehensive overview of supply chain and retail demand and supply forecasts. It discusses various forecasting methods and techniques, as well as related concepts. In addition, the chapter emphasizes the significance of accurate forecasting in optimizing supply chain and retail operations, as well as emerging trends and future directions in demand and supply forecasting. 2024 Sachi Nandan Mohanty, Preethi Nanjundan and Tejaswini Kar.

Source

Artificial Intelligence in Forecasting: Tools and Techniques, pp. 333-340.

Date

2024-01-01

Publisher

CRC Press

Coverage

Gupta A., School of Commerce, Finance and Accountancy, CHRIST (Deemed to be University), Maharashtra, Lavasa, Pune, India; Nanjundan P., Department of Data Science, CHRIST (Deemed to be University), Pune, Lavasa, India; George J.P., Department of Data Science, CHRIST (Deemed to be University), Pune, Lavasa, India

Rights

Restricted Access

Relation

ISBN: 978-104005150-4; 978-103250615-9

Format

Online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.1201/9781003399292-21

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85195936713&doi=10.1201%2f9781003399292-21&partnerID=40&md5=5f1756c339d4d49ff4e8ec07158827bb