Forecasting demand and determining safety stocks are key aspects of supply chain planning. Demand forecasting involves predicting future demand for a product or service using historical data and other external and internal drivers. Stockouts and excess production can be reduced by accurately...

"Inventory Analytics provides a comprehensive and accessible introduction to the theory and practice of inventory control – a significant research area central to supply chain planning. The book outlines the foundations of inventory systems and surveys prescriptive analytics models for...