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Classification for forecasting and inventory

Research output: Contribution to Journal/MagazineJournal articlepeer-review

<mark>Journal publication date</mark>2011
<mark>Journal</mark>Foresight: The International Journal of Applied Forecasting
Number of pages6
Pages (from-to)12-17
Publication StatusPublished
<mark>Original language</mark>English


ABC classifications are commonly used to streamline a large number of SKUs into fewer, more manageable categories. As Aris, John, and Ruud explain, this classification may be useful for inventory control, but it does not provide much help in the selection of appropriate forecasting methods. The authors demonstrate a need for a classification that accounts for demand patterns and customer characteristics. Copyright International Institute of Forecasters, 2011