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Learn Probability Forecasting And Inventory Optimisation
View your supply chain as a dynamic system prone to uncertainty and unpredictability to better comprehend the link between probabilistic forecasting and inventory. Spreadsheets and legacy suites like SAP APO use a deterministic technique to generate top-down aggregated projections. While they are easy to understand, they provide consistently poor predicting outcomes in this scenario.

However, probabilistic forecasting does more than generate an average forecast; it identifies a range of possible outcomes and the likelihood of each option occurring. Inventory optimization tools may subsequently use this information to help determine the best inventory targets. Probability forecasting and inventory optimization may seem daunting, but this blog will show you how easy they can be to understand and use.
https://blog.imarticus.org/lea....rn-probability-forec