Application of quantitative methods for inventory forecasting in supply chains on the example of Leoni company
2023
Janjić, Ivana | Milošević, Ivana | Milenković, Anđela
In order to effectively manage the supply chain, it is important to effectively manage the inventory within it. The application of quantitative forecasting methods contributes to the accuracy and validity of forecasting and defining stock flows. The subject of this paper is to review the use of quantitative methods of inventory forecasting, namely exponential smoothing, adaptive filtering, the method of moving averages and regression analysis. The aim of the paper is to show inventory forecasting using the mentioned quantitative methods on the example of the company "Leoni Wiring System Prokuplje". The results of the research indicate that applied quantitative methods of forecasting in the supply chain provide reliable and accurate forecasts on the basis of which material orders can be defined in order to ensure the smooth functioning of production, on the example of the company "Leoni Wiring System Prokuplje".
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