Data Science for Supply Chain Forecasting

Data Science for Supply Chain Forecasting PDF Author: Nicolas Vandeput
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110671123
Category : Business & Economics
Languages : en
Pages : 310

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Book Description
Using data science in order to solve a problem requires a scientific mindset more than coding skills. Data Science for Supply Chain Forecasting, Second Edition contends that a true scientific method which includes experimentation, observation, and constant questioning must be applied to supply chains to achieve excellence in demand forecasting. This second edition adds more than 45 percent extra content with four new chapters including an introduction to neural networks and the forecast value added framework. Part I focuses on statistical "traditional" models, Part II, on machine learning, and the all-new Part III discusses demand forecasting process management. The various chapters focus on both forecast models and new concepts such as metrics, underfitting, overfitting, outliers, feature optimization, and external demand drivers. The book is replete with do-it-yourself sections with implementations provided in Python (and Excel for the statistical models) to show the readers how to apply these models themselves. This hands-on book, covering the entire range of forecasting—from the basics all the way to leading-edge models—will benefit supply chain practitioners, forecasters, and analysts looking to go the extra mile with demand forecasting.

Data Science for Supply Chain Forecasting

Data Science for Supply Chain Forecasting PDF Author: Nicolas Vandeput
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110671123
Category : Business & Economics
Languages : en
Pages : 310

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Book Description
Using data science in order to solve a problem requires a scientific mindset more than coding skills. Data Science for Supply Chain Forecasting, Second Edition contends that a true scientific method which includes experimentation, observation, and constant questioning must be applied to supply chains to achieve excellence in demand forecasting. This second edition adds more than 45 percent extra content with four new chapters including an introduction to neural networks and the forecast value added framework. Part I focuses on statistical "traditional" models, Part II, on machine learning, and the all-new Part III discusses demand forecasting process management. The various chapters focus on both forecast models and new concepts such as metrics, underfitting, overfitting, outliers, feature optimization, and external demand drivers. The book is replete with do-it-yourself sections with implementations provided in Python (and Excel for the statistical models) to show the readers how to apply these models themselves. This hands-on book, covering the entire range of forecasting—from the basics all the way to leading-edge models—will benefit supply chain practitioners, forecasters, and analysts looking to go the extra mile with demand forecasting.

Sales Forecasting Management

Sales Forecasting Management PDF Author: John T. Mentzer
Publisher: SAGE
ISBN: 1452238391
Category : Business & Economics
Languages : en
Pages : 369

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Book Description
Incorporating 25 years of sales forecasting management research with more than 400 companies, Sales Forecasting Management, Second Edition is the first text to truly integrate the theory and practice of sales forecasting management. This research includes the personal experiences of John T. Mentzer and Mark A. Moon in advising companies how to improve their sales forecasting management practices. Their program of research includes two major surveys of companies′ sales forecasting practices, a two-year, in-depth study of sales forecasting management practices of 20 major companies, and an ongoing study of how to apply the findings from the two-year study to conducting sales forecasting audits of additional companies. The book provides comprehensive coverage of the techniques and applications of sales forecasting analysis, combined with a managerial focus to give managers and users of the sales forecasting function a clear understanding of the forecasting needs of all business functions. New to This Edition: The author′s well-regarded Multicaster software system demo, previously available on cassette, has been updated and is now available for download from the authors′ Web site New insights on the critical area of qualitative forecasting are presented The results of additional surveys done since the publication of the first edition have been added The discussion of the four dimensions of forecasting management has been significantly enhanced Significant reorganization and updating has been done to strengthen and improve the material for the second edition. Sales Forecasting Management is an ideal text for graduate courses in sales forecasting management. Practitioners in marketing, sales, finance/accounting, production/purchasing, and logistics will also find this easy-to-understand volume essential.

Data Science for Supply Chain Forecast

Data Science for Supply Chain Forecast PDF Author: Nicolas Vandeput
Publisher: Independently Published
ISBN: 9781730969430
Category :
Languages : en
Pages : 237

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Book Description
Data Science for Supply Chain Forecast Data Science for Supply Chain Forecast is a book for practitioners focusing on data science and machine learning; it demonstrates how both are closely interlinked in order to create an advanced forecast for supply chain. As one will discover in this book, artificial intelligence (AI) & machine learning (ML) are not simply a question of coding skills. Using data science in order to solve a problem requires a scientific mindset more than coding skills. The story behind these models is one of experimentation, of observation and of constant questioning; a true scientific method must be applied to supply chain. In the data science field as well as that of the supply chain, simple questions do not come with simple answers. In order to resolve these questions, one needs to be both a scientist as well as to use the correct tools. In this book, we will discuss both. Is this Book for me? This book has been written for supply chain practitioners, forecasters and analysts who are looking to go the extra mile. You do not need technical IT skills to start using the models of this book. You do not need a dedicated server or expensive software licenses: you solely need your own computer. You do not need a PhD in mathematics: mathematics will only be utilized as a tool to tweak and understand the models. In the majority of the cases - especially when it comes to machine learning - a deep understanding of the mathematical inner workings of a model will not be necessary in order to optimize it and understand its limitations. Reviews "In an age where analytics and machine learning are taking on larger roles in the business forecasting, Nicolas' book is perfect solution for professionals who need to combine practical supply chain experience with the mathematical and technological tools that can help us predict the future more reliably." Daniel Stanton - Author, Supply Chain Management For Dummies "Open source statistical toolkits have progressed tremendously over the last decade. Nicolas demonstrates that these toolkits are more than enough to start addressing real-world forecasting challenges as found in supply chains. Moreover, through its hands-on approach, this book is accessible to a large audience of supply chain practitioners. The supply chain of the 21st century will be data-driven and Nicolas gets it perfectly." Joannes Vermorel - CEO Lokad "This book is unique in its kind. It explains the basics of Python using basic traditional forecasting techniques and shows how machine learning is revolutionizing the forecasting domain. Nicolas has done an outstanding job explaining a technical subject in an easily accessible way. A must-read for any supply chain professional." Professor Bram Desmet - CEO Solventure "This book is before anything a practical and business-oriented "DIY" user manual to help planners move into 21st-century demand planning. The breakthrough comes from several tools and techniques available to all, and which thanks to Nicolas' precise and concrete explanations can now be implemented in real business environments by any "normal" planner. I can confirm that Nicolas' learnings are based on real-life experience and can tremendously help on improving top and bottom lines." Henri-Xavier Benoist - VP Supply Chain Bridegstone EMEA

Inventory Optimization

Inventory Optimization PDF Author: Nicolas Vandeput
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110673991
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization. The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF): https://youtu.be/565fDQMJEEg

Forecast

Forecast PDF Author: Mark Buchanan
Publisher: A&C Black
ISBN: 1408827379
Category : Business & Economics
Languages : en
Pages : 273

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Book Description
Positive feedback--when A produces B, which in turn produces even more A--drives not only abrupt climate changes, but also disruptive events in economics and finance, from asset bubbles to debt crises, bank runs, even corporate corruption. But economists, with few exceptions, have ignored this reality for fifty years, holding on to the unreasonable belief in the wisdom of the market. It's past time to be asking how markets really work. Can we replace economic magical thinking with a better means of predicting what the financial future holds, in order to prepare for--or even avoid--the next extreme economic event? Here, physicist and acclaimed science writer Mark Buchanan answers these questions and more in a master lesson on a smarter economics, which accepts that markets act much like weather. Market instability is as natural--and dangerous--as a prairie twister. With Buchanan's help, perhaps we can better govern the markets and weather their storms.

Raw Materials Purchasing

Raw Materials Purchasing PDF Author: B. G. Kingsman
Publisher: Elsevier
ISBN: 1483297268
Category : Business & Economics
Languages : en
Pages : 428

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Book Description
A systematic study of commodity purchasing analysed from an operational research viewpoint and based on numerous case studies.

Predictive Analytics for Business Forecasting & Planning

Predictive Analytics for Business Forecasting & Planning PDF Author: J. Eric Wilson
Publisher:
ISBN: 9780983941385
Category :
Languages : en
Pages : 368

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Book Description


Purchasing and Financial Management of Information Technology

Purchasing and Financial Management of Information Technology PDF Author: Frank Bannister
Publisher: Routledge
ISBN: 1136370641
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
Purchasing and Financial Management of Information Technology aims to significantly reduce the amount of money wasted on IT by providing readers with a comprehensive guide to all aspects of planning, managing and controlling IT purchasing and finance. Starting from a recognition that IT purchasing and the financial management often needs to be treated differently from other types of expenditure, the author draws on over 25 years of experience in the field to provide readers with useful mixture of good procedures and common sense rules that have been tried, tested and found to work. Many of these are illustrated by case histories, each with a moral or a lesson. Purchasing and Financial Management of Information Technology provides useful guidelines and advice on whole range of topics including: * IT acquisitions policy * Dealing with suppliers * Budgeting and cost control * IT cost and risk management * Specification, selection and evaluation of systems * IT value for money

Purchasing in the 21st Century

Purchasing in the 21st Century PDF Author: John E. Schorr
Publisher: John Wiley & Sons
ISBN: 9780471240945
Category : Business & Economics
Languages : en
Pages : 294

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Book Description
Der Faktor Einkauf ist für die Verbesserung der Betriebsabläufe von essentieller Bedeutung. Er hat nicht nur eine positive Auswirkung auf die Beziehung zu Ihren Lieferanten, sondern trägt gleichfalls zur Optimierung des Produktionsprozesses bei! Diese neue Auflage wurde u.a. um Kapitel zum Einkauf im Internet und zum Management von Zulieferketten erweitert - eine wichtige Ergänzung zum gegenwärtig existierenden Material. Der Autor ist führender Experte auf diesem Gebiet. (07/98)

Fundamentals of Demand Planning and Forecasting

Fundamentals of Demand Planning and Forecasting PDF Author: Chaman L. Jain
Publisher:
ISBN: 9780983941309
Category :
Languages : en
Pages : 402

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Book Description