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Measuring Intermittent Demand: Forecast Accuracy and Inventory Metrics
Intermittent demand where demand occurs sporadically with many periods of zero sales, presents a unique challenge for forecasters and supply chain planners. Traditional metrics for forecast accuracy can be misleading when applied to slow-moving items, and focusing solely on these can lead to suboptimal inventory decisions. This article explores which metrics to use for evaluating forecasts of intermittent demand, including accuracy measures (and their limitations) and invento
Nov 38 min read
