Published by Joannes Vermorel at https://blog.lokad.com/journal/2012/4/25/video-quantile-forecasts-part-1.html
Quantile forecasts offer a radically new and better way to compute optimal reorder points. Here is our first video about this little supply chain breakthrough.
Video summary (6min25):
- What are quantiles?
- How do quantiles work?
- What are the advantages of quantiles?
Stay tuned for more.