University of Twente Student Theses
Forecasting demand and creating an inventory policy for Ecorus
Smeekes, B. (2024) Forecasting demand and creating an inventory policy for Ecorus.
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| Abstract: | For 8 SKUs and 3 product groups, seven forecasting methods are implemented. Forecasting involved classifying SKUs by trend and seasonality strength, with SES and ARIMA identified as superior methods, offering adaptable solutions capable of capturing diverse demand patterns. Implementing an (s,Q) policy based on accurate forecasts resulted in a 91% average fill rate. A sensitivity analysis explored the impact of safety factors and order quantities on total costs and fill rates, informing iterative refinement of inventory policies to balance cost efficiency and service levels. |
| Item Type: | Essay (Master) |
| Clients: | Unknown organization, Ens |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 50 technical science in general |
| Programme: | Industrial Engineering and Management MSc (60029) |
| Link to this item: | https://purl.utwente.nl/essays/98764 |
| Export this item as: | BibTeX EndNote HTML Citation Reference Manager |
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