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Forecasting: Let’s Start by Asking the Right Questions

Supply Chain Shaman

This is especially true for forecasting. I find that too many companies try to buy forecasting software through a Request For Proposal (RFP). How forecastable is your product set? What is your Forecast Value Add (FVA) by product segment? E.G. 2015 and 2016 would be used to try to forecast 2017.).

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What’s Your Forecast Accuracy Target for 2017?

ToolsGroup

In 2016, it seemed as if everyone in supply chain was looking to improve their forecasting performance. How much can you realistically expect to improve your forecast accuracy each year? For demand planning, the key drivers to understand are about the behavior of the forecasted demand signal.

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John Galt Announces 2016 User Conference for Forecasting and Supply Chain Planning

John Galt

John Galt Solutions is getting ready for its annual John Galt University User Conference held August 17-19, 2016 in Chicago, IL.

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The Effect of Currency Demonetization on Statistical Forecasting

Arkieva

How does currency demonetization affect statistical forecasting? All bank notes of these denominations ceased to be legal tender on November 9, 2016. However, I have now gotten a few queries from my clients/prospects about the best way to deal with this in their statistical forecasting process. So, how to remove the outliers?

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The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

PO Collaboration focuses on maintaining accurate demand forecasts, timely communication with suppliers, and efficient replenishment processes to ensure optimal stock levels and minimize stockouts. It directly affects the bottom line, making it crucial to manage effectively.

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Pernod Ricard Drinks to Better Demand Forecasts

Supply Chain Movement

Pernod Ricard, owner of brands such as Absolut, Campo Viejo, Malibu and Jameson, has made substantial improvements in demand forecast accuracy using Infor Demand Planning. Spain is set to soon go fully live, and South Africa will be live at the end of 2016. All of that begins with better demand forecast accuracy.

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My Take: How We Screwed Up Sales And Operations Planning

Supply Chain Shaman

S&OP Effectiveness in 2019 Versus 2016. Role of the Forecast. In 1992, I worked for a supply chain planning technology provider, and the role of the forecast was clearer. Today, the role of the forecast is less clear. There is confusion between the role of tactical forecasting and demand sensing.