Demand Driven Variable and Attribute based Forecasting and
Statistical Process Control
SPC (Statistical Process Control) focuses on Variables and Attributes in the Dataset Attribute Data includes specific values that we do expect in our data (Level, Trend, Seasonality, Moving Holidays, Exams, Promotions, competitive Activity etc. Variable Data includes any value that we do not expect / want in our data (Out of Stock, Trend Intervention, Irregularly Scheduled Promotion, Competitive Activity, Economics etc. Normal Distribution Control Charts
Static Forecasting using Linear
Dyanamic Regression Forecasting using Winters Model Minimum MAPE Solution Statistical Process Control to check MAPE Process within Capability 5% and Tracking
Integrating demand and inventory planning system
Reduce inventory investment
Attenuate the Bullwhip Effect
SPC doesnt eliminate variation, but it allows the user to track special causes of variation