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Inventory Forecasting
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Summary
Inventory forecasting is like guessing how many toys you will need next week. It helps make sure you have enough toys to play with, but not too many that they fill up your room.
Concepts
Supply And Demand
Lead Time
Safety Stock
Demand Forecasting
Stockout
Reorder Point
Economic Order Quantity
Seasonality
Ad Inventory Management
Relevant Degrees
Production Engineering and Planning 70%
Operational Research 20%
Buying and Purchasing 10%
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