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3.2 Judgemental Ordering

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In this book, we argue for a systematic and analytical approach to forecasting and inventory management. This should be based on inventory replenishment rules and forecasting methods that are well grounded statistically and have solid evidence of good performance in practice. From our work with a variety of organisations, we are aware that practitioners may use ordering rules that are ad hoc, or may adjust computer‐generated orders using their own judgement. In this section, we make some brief remarks on these practices.

Intermittent Demand Forecasting

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