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Exponential smoothing weightings with a smoothing constant of 0.1

Exponential Smoothing and Inventory Management

The technique described here is called “exponential smoothing”. It is a simple method of updating an average as new data becomes available. It is the basis of most techniques used for forecasting customer demands. It was discussed briefly in the article entitled “Demand Rate Estimation”. In this article, it will be illustrated in relation to […]

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Don Johnston

Where to Start

The first improvements which you should tackle are determined by their likely effectiveness and how quickly and cheaply they can be implemented. Many aspects of improving inventory management improvement will be dealt with in this blog. Don’t just concentrate on a few. In order to produce large improvements cost-effectively, you need to improve as many […]

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