Systems and methods for forecasting demand of an object in a managed supply chain

• Main Author: MOESSNER RALPH
• Format: Patent
• Language: English
• Published: 25.12.2012
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

Systems and methods are disclosed for forecasting demand for objects, such as products, parts, etc. in a managed supply chain. In one embodiment, a method for forecasting demand is provided that comprises the step of determining a forecast profile including a forecast model and a forecast parameter to be assigned to a set of data forming the basis of the forecast. The determining step may include the steps of performing at least one forecast test on the set of data to identify the significance of a forecast model in the set of data, and determining iteratively the value of a forecast parameter, wherein the forecast parameter is determined based on the outcome of performing the at least one forecasting test. Further, the method may include the step of automatically assigning the determined forecast profile to the set of data.