Demand Forecasting and Inventory Control

by Colin Lewis

This practical book covers the forecasting- and inventory control methods used in commercial, retail and manufacturing companies.Colin Lewis explains the theory and practice of current demand forecasting methods, the links between forecasts produced as a result of analysing demand data and the various methods by which this information, together with cost information on stocked items, is used to establish the controlling parameters of the most commonly used inventory control systems.The demand forecasting section of the book concentrates on the family of short-term forecasting models based on the exponentially weighted average and its many variants and also a group of medium-term forecasting models based on a time series, curve fitting approach. The inventory control sections investigate the re-order level policy and re-order cycle policy and indicate how these two processes can be operated at minimum cost while offering a high level of customer service.

176 pages, Kindle Edition

First published January 1, 2012

About the author

Colin Lewis has been growing bonsai for almost 30 years and has gained an international reputation as an artist and author.
He teaches regularly throughout the UK, Europe and the United States and in 2001 was awarded second prize in the Japan Airlines World Bonsai Contest for his work with Scots pine.