• DocumentCode
    715779
  • Title

    The methodology of demand forecasting system creation in an industrial company the foundation to logistics management

  • Author

    Hart, Martin ; Tomastik, Marek ; Heinzova, Romana

  • Author_Institution
    Logistics Dept., Tomas Bata Univ. in Zlin, Zlin, Czech Republic
  • fYear
    2015
  • fDate
    20-22 May 2015
  • Firstpage
    12
  • Lastpage
    17
  • Abstract
    Contemporary business market environment has got dynamic character and it´s typical by high level of competitiveness. Business markets are strongly globalized; material flows of supply chains are bulky and mutually integrated. In such business environment the companies of particular industries are facing heavy claims on entire enterprise management. As the result of current globalization trend is that the logistics management is crucial tool to manage all enterprise processes connected with inner or outer material flows. Thus effectively designed logistics management system of a company is foundation of integrated management across supply chains. Essential sub-system of any logistics management system should be demand forecasting sub-system to provide accurate input data to make business decisions at particular functional parts of a company. Demand forecasts are important to effectively manage all flows of supply chain echelons, which is also connected with living environment protection. In the paper is presented developed methodology to create demand forecasting system in any industrial or service company whether we are talking about automotive, food, pharmaceutical, heavy machinery or other industrial or service branch. The methodology is subsequently applied in real case study - the design of demand forecasting system in the Czech food company. At the conclusion, it´s stated a conception of logistics management system of a company based on progressive demand forecasting sub-system, when it´s observed system research approach.
  • Keywords
    demand forecasting; food processing industry; supply chain management; supply chains; Czech food company; automotive industry; business decision making; contemporary business market environment; demand forecasting system creation; enterprise processes manage; food industry; heavy machinery industry; industrial company; integrated management; living environment protection; logistic management system; material flows; pharmaceutical industry; service branch; supply chain echelons; Companies; Conferences; Forecasting; Planning; Visualization; Demand Forecasting; Food Industry; Logistics Management; Methodology; Supply Chain;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Advanced Logistics and Transport (ICALT), 2015 4th International Conference on
  • Conference_Location
    Valenciennes
  • Type

    conf

  • DOI
    10.1109/ICAdLT.2015.7136583
  • Filename
    7136583