CLUSTER BASED PROCESSING FOR FORECASTING INTERMITTENT DEMAND
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United States of America Patent
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Issued Date -
Jun 27, 2013
app pub date -
Jun 21, 2012
filing date -
Jun 28, 2011
priority date (Note) -
Abandoned
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Abstract
A system, method and program product for cluster-based forecasting of intermittent demand. A computer system is disclosed for forecasting intermittent demand, having a data management system that provides access to historical demand data for a plurality of items; and a forecast system that generates a distribution of lead time demand predictions for a selected item having intermittent demand, and wherein the forecast system includes program code for performing the steps of: identifying a cluster from historical demand data, wherein the cluster includes items having an aggregated demand that defines a cluster driver; detecting if an association exists between historical demand data of a selected item and the cluster driver; and if the association is detected, utilizing the historical demand data of the selected item and the historical demand data to generate a distribution of lead time demand predictions.
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