Demand Forecasting and Inventory Control : A Computer Aided Learning Approach (Oliver Wight Manufacturing)

Rating:
Summary: Buy a General Operations Textbook instead
Review: While the back of the book jacket claims this book is a practical guide, it is not. All of the formulas are there, but there is no discussion of the business processes that surrround the tools. There are no real world examples from any industry. Furthermore, based on my experience with forecasting in a variety of industries, the author's statements as to acceptable errors for useful forecasts are not realistic. One chart in the book contains a plot of twelve years of demand. TWELVE YEARS! In todays marketplace who has twelve years of demand history for a product? My advice, buy a general purpose operations textbook instead - You'll get just as much out of the forecasting section.