INSIST (International Series on Interdisciplinary Research)
Vol 3, No 2 (2018)

Single Exponential Smoothing Method to Predict Sales Multiple Products

Rendra Gustriansyah (Universitas Indo Global Mandiri)



Article Info

Publish Date
20 Oct 2018

Abstract

—Activity to predict sales multiple products intended for control of the number of existing stock, so the lack or excess stock can be minimized. When the number of sales can be accurately predicted, then the fulfilment of consumer demand can be cultivated in a timely and cooperation with suppliers maintained properly so that company can avoid losing sales and customers. This study aims to predict sales multiple products (6,877 products) using Single Exponential Smoothing (SES) approach, which is expected to improve the efficiency of the inventory system. Measurement accuracy of prediction in this study using a standard measurement Mean Absolute Percentage Error (MAPE), which is the most important criteria in analyzing the accuracy of the prediction. The results showed that the average of percentage prediction error of products using SES is high, because MAPE value obtained is 1.056% with a smoothing parameter α = 0.9

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Journal Info

Abbrev

ojs

Publisher

Subject

Other

Description

INSIST is an International online journal which publishes innovative research papers and critical reviews in the field of engineering and interdisciplinary science researches. It focuses on but not limited to Electrical and Telecommunication, Mechanical Engineering, Chemical and Environmental ...