Abstract
Demand for spare parts is often difficult to forecast using historical data only. In this paper, we give an overview of installed based management and provide several ways in which installed base information can be used to support forecasting. We discuss cases where installed base information is used in forecasting at four companies and list the issues involved. Moreover, we review some models to illustrate the potential value of the installed base information and conclude that forecasts of spare parts demand and return can be made considerably more timely and accurate using installed base information.
Original language | English |
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Pages (from-to) | 536-545 |
Number of pages | 10 |
Journal | International Journal of Production Economics |
Volume | 143 |
Issue number | 2 |
DOIs | |
Publication status | Published - Jun 2013 |
Externally published | Yes |
Keywords
- Forecasting
- Installed base
- Inventory control
- Service logistics
- Spare parts
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics and Econometrics
- Management Science and Operations Research
- Industrial and Manufacturing Engineering