Search results for keyword: forecasting
Total Cost Management
Overview
Cost management and control is defined as a systematic program that evaluates and monitors the cost of services, materials and labor with the purpose of reducing costs and increasing efficiency in a business. An efficient cost management program is central to keeping a successful company......
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ARMA model
Introduction to ARMA Model
Autoregressive-Moving Average (ARMA) models are commonly used statistical models among economists and researches for analyzing and predicting time series data. ARMA models account for both linear autoregressive effects of lagged values and linear moving average effects ......
GREP model
Generalized Regularized Expectation Propagation (GREP) is an advanced and powerful machine learning technique that is being used more and more by businesses and organizations around the world. This technique has proven itself to be highly accurate and reliable, and as such, it is quickly becoming ......
business economics
Introduction
Enterprise economics, otherwise known as Managerial Economics, is a branch of economics which applies microeconomic analysis to managerial decisions and the decision-making processes of firms and business organizations. It combines economic theory, financial accounting, and business ......
Procurement Forecast
Introduction
Purchasing forecasting is an important tool in business, as it helps organisations make better decisions when considering what products or services to buy in the coming weeks or months. It also allows organisations to plan for potential changes in trends and can help them balance sup......
Ratio forecasting
Growth-share matrix (also known as the product portfolio matrix, Boston Box, BCG-matrix, Boston Matrix, Boston Consulting Group analysis, portfolio diagram) is a method for evaluating the strategic importance of business units. Developed by the Boston Consulting group in the early 1970s, the metho......
out of stock
Inventory shortages have caused many companies to re-evaluate their supply chain strategies. Inventory shortages are when a company does not have enough of a product in stock to meet customer demand. This can lead to a variety of issues, such as lost sales, decreased customer satisfaction and a de......
inventory management
Inventory Management
Inventory management is a critical part of any successful business while it is time-consuming and labor-intensive, it is an important part of the day-to-day operations. It is important to maintain the correct amount of inventory to meet the needs of the business. Too little i......
inventory decision
Inventory Decisions
Inventory decisions are an important part of any business, but they are often difficult to make. The success or failure of a business often rests on the accuracy of the inventory decisions it makes. By understanding the different types of inventory decisions, a business can ma......
inventory control
，有关存货控制 Inventory control refers to the process of tracking and managing all the inventory in an organization or company. This encompasses a wide variety of activities, including inventory tracking and storage, inventory forecasting and planning, and inventory forecasting and optimization. Th......
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