The paper presents how a European pick‐and‐mix confectionery company has employed a new forecasting approach – assortment forecasting – to reduce significantly time spent on forecasting by working with an entire assortment at a time instead of producing a forecast for each product individually. The implementation of a less time‐consuming forecasting method has enabled the company to involve its salespeople in forecasting and in this way gain access to their product and market knowledge. The case company's implementation of the new forecasting method is described and its forecasting accuracy and time spent on forecasting before and after the implementation are measured. The results demonstrate a remarkable increase in forecasting efficiency as well as improved communication within the company.
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1 February 2004
Case Report|
February 01 2004
Using the assortment forecasting method to enable sales force involvement in forecasting: A case study
Johanna Småros;
Johanna Småros
Department of Industrial Engineering and Management, Helsinki University of Technology, Helsinki, Finland
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Markus Hellström
Markus Hellström
Candyking International Ltd, Helsinki, Finland
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Publisher: Emerald Publishing
Online ISSN: 1758-664X
Print ISSN: 0960-0035
© Emerald Group Publishing Limited
2004
International Journal of Physical Distribution & Logistics Management (2004) 34 (2): 140–157.
Citation
Småros J, Hellström M (2004), "Using the assortment forecasting method to enable sales force involvement in forecasting: A case study". International Journal of Physical Distribution & Logistics Management, Vol. 34 No. 2 pp. 140–157, doi: https://doi.org/10.1108/09600030410526932
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