Research On Inventory Control Of S Company Based On Combined Demand Forecasting Model

Inventory control and demand forecasting are the core parts of business operations.They complement each other and interact with each other.On the one hand,accurate demand forecasting will effectively reduce inventory levels and improve inventory management efficiency.On the other hand,good inventory control can develop accurate production plans to effectively improve the accuracy of demand forecasts.Therefore,it has extremely important theoretical value and application prospects for enterprise demand forecasting and inventory control research.At present,domestic and foreign manufacturing companies have been committed to the optimization of product inventory and demand,but due to the rapidly changing market and the unscientific inventory decision,the company can not do inventory management of products,so how fast in the information age responding to market changes,doing a good job of demand forecasting and inventory control is a difficult problem that manufacturing companies need to solve.This paper takes S company as the research object,analyzes and summarizes the product demand and inventory control characteristics of S company through literature research and practice research,and describes the current situation of inventory control of S company from the aspects of demand forecast,inventory turnover rate and inventory cost.Furthermore,it is proposed that S company has problems such as unreasonable demand forecasting and unscientific inventory decision.In view of the fluctuation of demand of S company's products and the lack of specificity of forecasting methods,this paper constructs a combined model based on BP neural network and gray GM(1,1)to predict product demand,so as to better adapt to The characteristics of S company's product demand.At the same time,compared with the company's original forecasting method,it is found that the combined model has better prediction effect.Aiming at the problem of unreasonable inventory decision of S company,this paper constructs a comprehensive model based on demand forecasting and inventory dynamic planning.By comparing with the company's original inventory model,it is found that the comprehensive model has very good in reducing out-of-stock and cost-saving.Finally,according to the comparison effect of the model,the proposal of S company inventory management is put forward.