I have been tasked with the following for helping to develop a forecast model from overseas suppliers where long lead times are due to product being in transit on the ocean.
To synchronize the following - how would one develop a working model:
Sales - Forecasts $ by customer
Production - Forecasts by units
Statistical Demand - Forecasts by History and trends
I am new to this position and am looking for any advice or guidance, including time spent in customs. Most of the supplies come by ocean from Asia to the US.
Assuming you were using prime carriers then the historical data is a good start. Hopefully someone in your organization has been doing this in the past and you can build off his/her data analysis.
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