Academic journal article The Journal of Business Forecasting

Flowcasting the Retail Supply Chain

Academic journal article The Journal of Business Forecasting

Flowcasting the Retail Supply Chain

Article excerpt

Martin, André, Mike Doherty, and Jeff Harrop. Flowcasting the Retail Supply Chain. Winooski, Vermont: Factory 2 Shelf Publishing. 2006. PP. 301, $59.95.

The authors, who are time-phased supply chain planning consultants, claim that the supply chain management approaches of the last decade have not been able to reduce outof-stocks at the store level. Their proposed solution is to forecast only at the retail level for the benefit of the entire supply chain. They claim that pilot studies and simulations support the use of flowcasting.

While focused on developing the logic, general guidelines, and the general implementation strategies for flowcasting, this book neither offers detailed forecasting methods nor details of how to implement this approach for companies using Enterprise Resource Planning (ERP) systems (such as SAP) or supply chain management software systems (such as i2 Technologies or Logility).

In Appendix D, the authors provide guidelines for specific functions that a flowcasting system must be able to perform in terms of forecasting, replenishment, aggregate planning, inventory transactions, etc. …

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