CORDIS Project
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This project investigates the inefficiencies in Forecasting Support Systems used in supply chain management. It aims to enhance prediction accuracy by analyzing statistical methods, economic influences, and managerial insights to optimize decision-making across various departments.
The Supply Chain Management depends importantly on the predictions accuracy in the most of industries.
These predictions are provided by the Forecasting Support System (FSS) in order to make decisions regarding departments like Marketing, Finance, Inventory, Distribution, Logistic, Human Resources and purchasing.
In fact, these predictions are usually based on the mixture of forecasting statistical techniques, current economic situation, experience of the managers and the way that the FSS gather…
UNIVERSITY OF LANCASTER
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