Integration of demand forecasts in ABC-XYZ analysis: Practical investigation at an industrial company
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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in: International Journal of Productivity and Performance Management, Jahrgang 61, Nr. 4, 04.2012, S. 445-451.
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Integration of demand forecasts in ABC-XYZ analysis
T2 - Practical investigation at an industrial company
AU - Scholz-Reiter, Bernd
AU - Heger, Jens
AU - Meinecke, Christian
AU - Bergmann, Johann
PY - 2012/4
Y1 - 2012/4
N2 - Purpose: Item classification based on ABC-XYZ analysis is of high importance for strategic supply and inventory control. It is common to perform the analysis with past consumption data. In this context, the purpose of this study is to test the hypothesis that an integration of demand forecasts can improve the performance of item classification, in particular the performance of ABC-XYZ analysis. Design/methodology/approach: For the study, real data of an industrial enterprise in the mechanical engineering sector (focal company) were analyzed and evaluated. Findings: The study shows that a comprehensive data analysis of the focal company can recommend a specific implementation of the ABC-XYZ classification. In contrast to the classic method of making the ABC-XYZ analysis based on consumption data only, the approach developed in this paper offers considerable advantages. These are quantifiable in respect to an assumed optimal reference classification. Originality/value: The evaluation of the results is very promising and applicable to other branches besides mechanical engineering.
AB - Purpose: Item classification based on ABC-XYZ analysis is of high importance for strategic supply and inventory control. It is common to perform the analysis with past consumption data. In this context, the purpose of this study is to test the hypothesis that an integration of demand forecasts can improve the performance of item classification, in particular the performance of ABC-XYZ analysis. Design/methodology/approach: For the study, real data of an industrial enterprise in the mechanical engineering sector (focal company) were analyzed and evaluated. Findings: The study shows that a comprehensive data analysis of the focal company can recommend a specific implementation of the ABC-XYZ classification. In contrast to the classic method of making the ABC-XYZ analysis based on consumption data only, the approach developed in this paper offers considerable advantages. These are quantifiable in respect to an assumed optimal reference classification. Originality/value: The evaluation of the results is very promising and applicable to other branches besides mechanical engineering.
KW - ABC-XYZ analysis
KW - Demand forecasting
KW - Inventory control
KW - Item classification
KW - Mathematical analysis
KW - Purchasing
UR - http://www.scopus.com/inward/record.url?scp=84864111983&partnerID=8YFLogxK
U2 - 10.1108/17410401211212689
DO - 10.1108/17410401211212689
M3 - Journal articles
AN - SCOPUS:84864111983
VL - 61
SP - 445
EP - 451
JO - International Journal of Productivity and Performance Management
JF - International Journal of Productivity and Performance Management
SN - 1741-0401
IS - 4
ER -