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- W2187443556 abstract "Businesses must use their resources optimum in order to minimize their costs. Thus, it is important to prepare the strategic plans made as the closest to the truth. Furthermore, in order their works to be sustainable, the companies should plan the future not the present; must take necessary measures to manage the cost of the inventory, labor, time, and financial resources in the best way and to avoid wastage. Demand forecasting systems, besides providing the company keeping up with changing market conditions easily, provides convenience to the company in operational applications with its strategic and managerial level plans. As the demand forecasting performance goes down, the rate of fulfillment the demands of the customer on time goes down. As a result, the companies head for accelerated services with quickly obtainable results, and other costly actions. The starting point of short-and long-term plan is the forecast demand. Also, as the deviations in long-term plans are high, the determination of the control frequency and methods of the plans are very significant for a successful demand forecasting system. No matter how successful strategic plannings are done, the mistakes in the practice can drag all of the plans towards failure. Therefore, in our study, numerical and non-numerical of demand forecast models will be referred, and there will be comments about a demand forecasts method in a business with the case analysis method and suggestions for improvement." @default.
- W2187443556 created "2016-06-24" @default.
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- W2187443556 date "2014-01-01" @default.
- W2187443556 modified "2023-09-24" @default.
- W2187443556 title "DEMAND FORECAST, UP-TO-DATE MODELS, AND SUGGESTIONS FOR IMPROVEMENT AN" @default.
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