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Tuesday, May 29, 2007

Flowcasting

We see that the Retail Systems Alert Group (RSAG) has endorsed Flowcasting from Factory2Shelf as a methodology. I have seen this tested and its useful for its sheer simplicity. Flowcasting should not be seen as a means of future forecasting, but rather as a capability designed to eliminate the need for most forecasting, by using demand data such as point-of-sale information. The companion site contains a good overview in the first five chapters, provided here. Worth taking a look at.

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