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February 5, 2018
Whether you realize it or not, virtually every business decision and process is based on a forecast. Anything you plan is generally based on an assumption of something happening...
Articles
February 5, 2018
Demand Planning uses forecasts (link: see what is forecasting) to help highlight opportunities and threats; tell us ahead of time what we expect sales of a product...
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February 5, 2018
S&OP is a structured monthly process that aligns all functional areas under a unified set of assumptions to enable and coordinate decision making. It integrates demand, supply,...
Articles
February 5, 2018
“Demand Planners Are Storytellers Who Use Numbers As Their Language”
Articles
February 5, 2018
If something is not measured, it will never improve. To improve forecast performance, we must have metrics in place to measure and monitor them. There will be inherent volatility...
Articles
December 13, 2017
The question of whether forecasts are necessary crops up from time to time. The inescapable conclusion is that no matter what type
Articles
December 13, 2017
The Difference
It is important to know the difference between forecasting software and forecasting systems. Forecasting software
Articles
December 13, 2017
1.Mistake: The more sophisticated the model, the better.
Correction: The sophisticated models are not necessarily better. Very
Articles
December 13, 2017
Mention "forecasting," and most people think you're talking about their local meteorologist describing temperature ranges and cold
Articles
December 13, 2017
There are basically three types of models, which are:
(1) Time Series
(2) Cause-And-Effect
(3) Judgmental
TIME SERIES MODELS
A Time
Articles
December 13, 2017
It is important to know the difference between forecasting software and forecasting systems. Forecasting software
Articles
December 13, 2017
How to Win the Support of Top Management for Forecasting
Step 1:
Educate top management. Whether management realizes
Articles
December 13, 2017
Very often questions arise how to convince upper management that the forecasting function is absolutely necessary. By calculating
What is Croston’s Intermittent Model?
Designed to deal with sporadic demand (no seasonality) with a two-step process. The main goal is to provide a good safety stock, resulting in a situation where there is neither over or under stock. This is accomplished by considering two aspects of the data: the demand size and the…
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