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Classification for Forecasting and Inventory

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  • Aris Syntetos
  • John Boylan
  • Ruud Teunter

Abstract

ABC classifications are commonly used to streamline a large number of SKUs into fewer, more manageable categories. As Aris, John, and Ruud explain, this classification may be useful for inventory control, but it does not provide much help in the selection of appropriate forecasting methods. The authors demonstrate a need for a classification that accounts for demand patterns and customer characteristics. Copyright International Institute of Forecasters, 2011

Suggested Citation

  • Aris Syntetos & John Boylan & Ruud Teunter, 2011. "Classification for Forecasting and Inventory," Foresight: The International Journal of Applied Forecasting, International Institute of Forecasters, issue 20, pages 12-17, Winter.
  • Handle: RePEc:for:ijafaa:y:2011:i:20:p:12-17
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    Cited by:

    1. Jussim, Maxim, 2014. "Entwicklung eines Simulationstools zur Analyse von Prognose- und Dispositionsentscheidungen im Krankenhausbereich," Bayreuth Reports on Information Systems Management 57, University of Bayreuth, Chair of Information Systems Management.

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