Michael Amori is CEO and cofounder of Virtualitics. A data scientist and entrepreneur with a background in finance and physics. Accurate demand forecasting is the linchpin of effective inventory, cost ...

Many industries face growing demand complexity amid macroeconomic uncertainty, and the automotive aftermarket is no different. In our industry, diversity in vehicle make, model and engine ...

Researchers at Washington State University have developed a new forecasting model that helps companies more accurately estimate how many customers are interested in a product—even when key data is ...

Bed capacity management is of critical importance to health systems, impacting patient care and safety, operational efficiency, system sustainability and financial performance. Efforts to improve and ...

Supply chain forecasting is becoming an increasingly critical component of operational success. Accurate forecasting enables companies to optimize inventory levels, reduce waste, enhance customer ...

Editor’s note: This article first appeared on the University of Tennessee, Knoxville’s Global Supply Chain Institute’s blog. It is being reprinted with permission. You can read the original post here.

For years, supply chain organizations approached demand forecasting by looking backward, with historical sales trends, seasonal cycles and prior purchasing behavior forming the foundation for most ...