Demand Forecasting: From the Slinky to Artificial Intelligence
May 22, 2019
Way back in 1943, mechanical engineer Richard James was working to devise springs that could keep sensitive ship equipment steady at sea. He accidentally knocked some of the spring samples off a shelf and watched in amazement as they gracefully “walked” down instead of falling. Along with his wife Betty, James came up with a machine to coil 80-feet of wire into a two-inch spiral and Betty came up with the name “Slinky.” Initially, the sales were sluggish.