This book aims to give an overview about the most recent trends in demand forecasting and inventory management and interlinks those theoretical areas with a practical application in the food industry. This industry faces various challenges like fluctuating demands or perishability of products. As a result, reliable demand forecasting and proper inventory management could eventually lead to remarkable cost savings, thus being a competitive advantage.

Raphael Holzinger studied Business, Economics and Social Sciences as well as Business Law at Vienna University of Economics and Business. Since his graduation he works in consultancy and is research associate at Vienna University of Economics and Business.