{"title":"DEMAND FORECASTING FOR HIGH-TURNOVER SPARE PARTS IN AGRICULTURAL AND CONSTRUCTION MACHINES: A CASE STUDY","authors":"Caue Barros Guimaraes, J. Marques, U. Tortato","doi":"10.7166/31-2-2084","DOIUrl":null,"url":null,"abstract":"Conventional demand forecasting and inventory management models cannot be applied to replacement parts due to their intermittent and seasonal demand. Thus the aim of this study is to compare, in the case of the strategic stocking of high turnover replacement parts, the demand forecast model currently used by construction and agricultural machinery companies with the Box-Jenkins statistical model. The results show that it is important to use a methodology based on statistical techniques in inventory management, and that the proposed model adapts better to high turnover stock control.","PeriodicalId":49493,"journal":{"name":"South African Journal of Industrial Engineering","volume":"31 1","pages":"116-128"},"PeriodicalIF":0.5000,"publicationDate":"2020-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"South African Journal of Industrial Engineering","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.7166/31-2-2084","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ENGINEERING, INDUSTRIAL","Score":null,"Total":0}
引用次数: 3
Abstract
Conventional demand forecasting and inventory management models cannot be applied to replacement parts due to their intermittent and seasonal demand. Thus the aim of this study is to compare, in the case of the strategic stocking of high turnover replacement parts, the demand forecast model currently used by construction and agricultural machinery companies with the Box-Jenkins statistical model. The results show that it is important to use a methodology based on statistical techniques in inventory management, and that the proposed model adapts better to high turnover stock control.
期刊介绍：
The South African Journal of Industrial Engineering (SAJIE) publishes articles with the emphasis on research, development and application within the fields of Industrial Engineering and Engineering and Technology Management. In this way, it aims to contribute to the further development of these fields of study and to serve as a vehicle for the effective interchange of knowledge, ideas and experience between the research and training oriented institutions and the application oriented industry. Articles on practical applications, original research and meaningful new developments as well as state of the art surveys are encouraged.
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