Posts Tagged ‘Forecasting’
The Art and Science of Demand Forecasting for Plastic Manufacturers
Whether your Plastics Manufacturing Business is volatile or stable, continued growth in the top and bottom lines is expected. Presumably, everyone knows the myriad of reasons and impact that accurate demand planning has on carrying costs attributed to overstocked inventory, Return on Capital, Cash Flow, and Earnings. If underestimated, it can obviously adversely affect revenues…
Read MoreAn Introduction to Demand Forecasting in Microsoft Dynamics AX (Part 3)
In this last part of the Demand Forecasting blog series (Part 1 and Part 2), we are going to see how the forecasting activities play into the overall Master Planning process in Dynamics AX. We won’t go into the nitty gritty details of Master Planning here, because Master Planning itself would be a big topic for another…
Read MoreAn Introduction to Demand Forecasting in Microsoft Dynamics AX (Part 2)
In this second part of the demand forecasting blog series (click here to see part 1), we are going to generate the statistical baseline forecast out of AX and see how the rest of the forecasting process actually works. Once we are done with configuration of the parameters, a statistical baseline forecast can be generated out of…
Read MoreAn Introduction to Demand Forecasting in Microsoft Dynamics AX (Part 1)
Demand forecasting can be immensely valuable to a business organization. It supports the overall Sales and operations planning process for a business and can directly impact and help the downstream business operations. At the very fundamental level, demand forecasting can tell a business what they need, when they need it and what they anticipate/predict delivering…
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