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Demand Forecasting
?Associate Company: Lafooco
LAFOOCO
- Founded in 1985
- Producer & exporter of nuts and dried fruits
- Deliver best quality products to high-end markets worldwide
- One of many FBA retailers on Amazon platform.
Demand Forecasting
What is Demand Forecasting?
• In logistics, it is vital for business planning and future predictions and also
initiates the supply chain management push processes (Ivanov 2019)
Logistics Value 2.
Optimizing the inventory levels more effectively, more
accurate adaptation of different stock levels and
reduction of planning efforts (Carbonneau et al. 2008)
R?eferences
• Amazon Web Services, n.d, Amazon Forecast, viewed 18 Aug 2021,
<https://aws.amazon.com/forecast/>
• Amazon Web Services, n.d, ‘What is Amazon Forecast', Developer Guide, viewed 18 Aug 2021,
<https://docs.aws.amazon.com/forecast/latest/dg/what-is-forecast.html>
• Connolly, B, 2021, ‘Amazon Inventory Forecasting & Demand Planning with Jungle Scout’, Junglescout, 15 Jul, viewed 18 Aug 2021,
<https://www.junglescout.com/blog/inventory-forecasting/>
• Carbonneau, R, Laframboise, K, & Vahidov, R, 2008, ‘Application of machine learning techniques for supply chain demand forecasting’, European Journal of Operational Research, 184(3), 1140-1154, viewed 18
Aug 2021,
• Hofmann, E & Rutschmann, E, 2018, ‘Big data analytics and demand forecasting in supply chains: a conceptual analysis’, The International Journal of Logistics Management, Vol. 29 No. 2, pp. 739-766, viewed
18 Aug 2021,
<https://doi.org/10.1108/IJLM-04-2017-0088>
• Hyndman, R & Athanasopoulos, G, 2018, ‘Forecasting: Principles and Practice’, Otexts, p.14, viewed 18 Aug 2021,
<https://books.google.com.vn/books?id=_bBhDwAAQBAJ&printsec=frontcover&dq=principles+of+demand+forecasting&hl=vi&sa=X&redir_esc=y#v=onepage&q&f=false >
• Ivanov, D, Tsipoulanidis, A & Schönberger, J, 2019, ‘Demand Forecasting: A Decision-Oriented Introduction to the Creation of Value’, p.319-333, viewed 18 Aug 2021, Researchgate,
<https://www.researchgate.net/publication/327918130_Demand_Forecasting_A_Decision-Oriented_Introduction_to_the_Creation_of_Value >
• Kot, S, Grondys, K & Szopa, R, 2011, ‘Theory of Inventory Management Based on Demand Forecasting', Polish Journal of Management Studies, p.148-156, viewed 18 Aug 2021, Researchgate,
<https://www.researchgate.net/publication/227470655_Theory_of_inventory_management_based_on_demand_forecasting>
• Milano, S, 2018, ‘The advantage of Demand Forecasting, Chron, 12 Dec, viewed 18 Aug 2021,
<https://smallbusiness.chron.com/advantages-demand-forecasting-60405.html>
• Fuse Inventory, 2020, ‘Unlocking Amazon’s Secret to Success: Supply Chain’, 1 Febl viewed 18 Aug 2021,
<https://www.fuseinventory.com/blog/unlocking-amazons-secret-to-success-supply-chain>
• Wisner, D, Tan, K & Keong Leong, G, 2012, ‘Principles of Supply Chain Management', Cencage Learning, Singapore, viewed 18 Aug 2021,
<https://books.google.com.vn/books?hl=vi&lr=&id=yTN-BAAAQBAJ&oi=fnd&pg=PP1&dq=wisner+leong+tan&ots=ZaAg-518S6&sig=33dmhGhZMaZUam-
EHlnpaumQdyk&redir_esc=y#v=onepage&q&f=false>