Forecasting the spare part demands for mobile phones
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An Peng, Buyang Cao, Pengfei Yang
The overall efficiency of the supply chain depends not only the improvement of the infrastructure, but also the comprehensive information exchanges and seamless coordination between different units of the entire supply chain. Among these units the forecasting one plays an important role for the effectiveness of a supply chain. In this paper based on the business practice of a supply chain management company, the role of the forecasting unit is discussed and some potential prediction models for the application of this specific application are investigated. Furthermore, the computational experiments are conducted to choose the most suitable prediction model for the practice.
Supply chain, forecast, moving average, grey model.