Expanding Sales and Operations Planning using Sentiment Analysis: Demand and Sales Clarity from Social Media

We outline the use of sentiment analysis as a tool for demand planning in sales and operations planning (S&OP). First, we explain how S&OP functions and the reliance on cooperation or collaboration with other firms to gain information. We introduce sentiment analysis and show its value in de...

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Bibliographic Details
Main Authors: Wood, Lincoln, Reiners, Torsten, Srivistava, H.
Other Authors: Martin Grimmer
Format: Conference Paper
Published: N/A 2013
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/12955
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author Wood, Lincoln
Reiners, Torsten
Srivistava, H.
author2 Martin Grimmer
author_facet Martin Grimmer
Wood, Lincoln
Reiners, Torsten
Srivistava, H.
author_sort Wood, Lincoln
building Curtin Institutional Repository
collection Online Access
description We outline the use of sentiment analysis as a tool for demand planning in sales and operations planning (S&OP). First, we explain how S&OP functions and the reliance on cooperation or collaboration with other firms to gain information. We introduce sentiment analysis and show its value in determining marketplace-changes which feed into supply chains. We show how sentiment analysis supports data acquisition independent of other firms in the supply chain; incorporated into S&OP, these data can support preparation for changing requirements. While demonstrated in marketing, this concept remains unproven in supply chain research. We believe this is the first assertion and examination of how sentiment analysis can support effective S&OP but further empirical research is required to validate this concept.
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institution Curtin University Malaysia
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publishDate 2013
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spelling curtin-20.500.11937-129552023-02-07T08:01:24Z Expanding Sales and Operations Planning using Sentiment Analysis: Demand and Sales Clarity from Social Media Wood, Lincoln Reiners, Torsten Srivistava, H. Martin Grimmer Rob Hecker Business Analytics Sales & Operations Planning Sentiment Analysis Supply Chain Management We outline the use of sentiment analysis as a tool for demand planning in sales and operations planning (S&OP). First, we explain how S&OP functions and the reliance on cooperation or collaboration with other firms to gain information. We introduce sentiment analysis and show its value in determining marketplace-changes which feed into supply chains. We show how sentiment analysis supports data acquisition independent of other firms in the supply chain; incorporated into S&OP, these data can support preparation for changing requirements. While demonstrated in marketing, this concept remains unproven in supply chain research. We believe this is the first assertion and examination of how sentiment analysis can support effective S&OP but further empirical research is required to validate this concept. 2013 Conference Paper http://hdl.handle.net/20.500.11937/12955 N/A fulltext
spellingShingle Business Analytics
Sales & Operations Planning
Sentiment Analysis
Supply Chain Management
Wood, Lincoln
Reiners, Torsten
Srivistava, H.
Expanding Sales and Operations Planning using Sentiment Analysis: Demand and Sales Clarity from Social Media
title Expanding Sales and Operations Planning using Sentiment Analysis: Demand and Sales Clarity from Social Media
title_full Expanding Sales and Operations Planning using Sentiment Analysis: Demand and Sales Clarity from Social Media
title_fullStr Expanding Sales and Operations Planning using Sentiment Analysis: Demand and Sales Clarity from Social Media
title_full_unstemmed Expanding Sales and Operations Planning using Sentiment Analysis: Demand and Sales Clarity from Social Media
title_short Expanding Sales and Operations Planning using Sentiment Analysis: Demand and Sales Clarity from Social Media
title_sort expanding sales and operations planning using sentiment analysis: demand and sales clarity from social media
topic Business Analytics
Sales & Operations Planning
Sentiment Analysis
Supply Chain Management
url http://hdl.handle.net/20.500.11937/12955