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Author:Wacker, J. G.
Sprague, L. G.
Title:The impact of institutional factors on forecast accuracy
Journal:International Journal of Production Research
1995 : NOV, VOL. 33:11, p. 2945-2958
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Freeterms:FERTIGUNGSMANAGEMENT, FERTIGUNGSPLANUNG,
PROGNOSEMETHODEN
Language:eng
Abstract:Forecast accuracy is a major challenge for manufacturing organizations. Forecast error can be a direct cause of stockouts, inventory growth and/of costly changes in the master production schedule. This study examines the effects of institutional factors on forecast accuracy from the perspective of the manufacturing executive. The questions were: who should be involved in forecast preparation, how important is forecast error measurement, and what should the primary purpose of the forecast be? Data were obtained from a sample of manufacturing professionals in the UK.
SCIMA record nr: 145284
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