Supply chain forecasting for the UK Chinook fleet

This article reports on a preliminary evaluation of the performance of UKTLCS's inventory and forecasting system. This is undertaken while making recommendations for new techniques for intermittent item demand. A total of 92 items are identified as largely intermittent. These items are identified by examining both cost drivers and the most expensive spare part consumables. Research into the current proprietary system identified an imprecision problem with the current forecasting approach. For example, it is shown that imprecision of the forecasting approach may have meant that the demands for a number of cost drivers are being substantially miscalculated. For propriety reasons, all data have been sanitised.