Organisational StrategyAn organizational strategy is a plan that specifies how your business will allocate resources (e.g., money, labor, and inventory) to support infrastructure, production, marketing, inventory, and other business activities. |
Supply Chain StrategyThe supply chain strategy establishes how organisations work with chain members, which, if orchestrated and managed correctly, can increase organisational success. |
StrategyStrategy is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. |
Holt's MethodHolt’s method, also known as double exponential smoothing, as it adds growth factor. Exponential smoothing is a rule of thumb technique for smoothing time series data using the exponential window function. Whereas in the simple moving average the past observations are weighted equally, exponential functions are used to assign exponentially decreasing weights over time. |
Moving AveragesIn statistics, a moving average is a calculation to analyze data points by creating a series of averages of different subsets of the full data set. It is also called a moving mean or rolling mean and is a type of finite impulse response filter. Variations include: simple, and cumulative, or weighted forms. |
ForecastingForecasting is the process of making predictions based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. |
Customer Market SurveyMarket survey is the survey research and analysis of the market for a particular product/service which includes the investigation into customer inclinations. A study of various customer capabilities such as investment attributes and buying potential. |
SeasonalitySeasonality refers to predictable changes that occur over a one-year period in a business or economy based on the seasons including calendar or commercial seasons. One example of a seasonal measure is retail sales, which typically sees higher spending during the fourth quarter of the calendar year. |
Forecast AccuracyForecast accuracy is the extent of difference between the forecasted values and the actual values. |
Activity Based CostingActivity-based costing is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each. Therefore this model assigns more indirect costs into direct costs compared to conventional costing. |