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How do you forecast lumpy demand?

EazyStock

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Using the same analysis for a product with an erratic demand type for one with slow demand will result in inaccurate forecasts. This article focuses on demand forecasts for items with lumpy or intermittent demand.

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How do you forecast lumpy demand?

EazyStock

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Using the same analysis for a product with an erratic demand type for one with slow demand will result in inaccurate forecasts. This article focuses on demand forecasts for items with lumpy or intermittent demand.

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Big data and inventory management

EazyStock

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Big data is used to understand trends and patterns in behavior. This article explores some of the benefits of big data to inventory management teams. Introducing big data analysis into your business.

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Artificial intelligence and machine learning in supply chain management

EazyStock

AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. ML models teach themselves over time by analyzing trends and spotting anomalies and then offering predictive insights.

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7 Freight broker sales tips for setting the hook with prospects

FreightWaves SONAR

It also shows your prospect that you keep on top of industry trends. . #3: Speaking of keeping on top of trends, using freight market data is another attention grabber that is not as always evident in the list of freight broker sales tips. Request a SONAR Demo. 3: Freight data. 5: Conferences .

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SONAR Indices & Insights: Measure diesel fuel price volatility and market impacts with FUELS and ULSD rack data

FreightWaves SONAR

Rack prices set the general trend for retail prices. The entire trucking sector has an interest in the trends around diesel fuel price data, with individual markets of interest to those who buy fuel in those regions. Knowing the fuel price trends in various markets aids that process considerably. Request a SONAR Demo.

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SONAR Indices & Insights: Plan and Measure Refrigerated Shipping Capacity & Rates

FreightWaves SONAR

In this article, you learn what are the various reefer freight data indices available in SONAR, who in the freight market relies on these indices, what the indices tell freight market participants, and real-world scenario analysis of using SONAR refrigerated shipping indices to better understand the freight market.