Demand forecast updating

For instance, our results suggest that in allocating scarce capacity by the supplier, higher priority should be given to those products whose demands are highly variable and correlated for maintaining consistent delivery lead times for these products.

DETROIT -- Ford is updating the look of its F-150 pickups — featuring a redesigned grille — just a little more than two years after launching an all-new version of its top-selling model.

Sales of Ford's Ford F-Series pickups increased about 5% in 2016, and the automaker's line of pickups has now been America’s best-selling truck for 40 consecutive years and America’s best-selling vehicle for 35 years.

They'll also offer a 3.0-liter turbodiesel engine, enhanced V6 and V8 gas engines and expanded availability of 10-speed automatic transmissions.

For the year, sales at Ford were essentially flat, falling 0.1%.

But the overall industry, including Ford, has seen healthy profits boosted by sales of larger vehicles and fueled by easy credit, low gas prices and more recently by generous rebates on many models.

The refresh is evidence that the Dearborn, Mich.-based automaker is committed to continuing to invest heavily to keep its F-Series trucks the most popular in America.

The confirmed F-150 mid-cycle refresh for the 2018 model year is largely a bunch of tweaks: a redesigned front-end grille and wheel options; bolder seat colors; first-in-class technological offerings; and a new diesel engine among other enhanced features designed to reach a broad cross-section of truck buyers.

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Officials at General Motors last week, for example, argued that their Detroit-based company has a broader lineup of trucks than Ford.

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