Hello all,
At the company I work for, we currently utilize SAP's SOP module for flexible planning of roughly 200,000+ MRO materials. SAP comes standard with 18 or so forecast models out of the box that can be used to determine the best forecast of materials. We are currently doing some analysis around what the best model is as a result of seeing our current forecast strategy, (Seasonal trend based on the Winters method,) working for us but doesn't pick up trends very well leading to a lot of forecast corrections.
Question to the group. In an industry that has a lot of volitility of it's materials demand over periods, what model have you used to help pick up trends over short periods of time?
Any insight would be greatly appreciated.
