article thumbnail

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Doing this, increases the benefits.

article thumbnail

Applying the Laws of Forecasting to Predictive Analytics

NC State SCRC

I had a chance to meet with my good friend Tom Choi from Arizona State University a couple of weeks ago. We had a chance to catch up on a great number of things, but one that sticks in my mind is the discussion on predictive analytics and forecasting.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Evolution of B2B Networks

Supply Chain Shaman

Today Thoma Bravo, a private equity investment firm, announced a definitive agreement to purchase Elemica, a provider of Supply Chain Operating Networks for the chemical industry. To build this model, I flew to Arizona to develop it with Carol Ptak of the Demand-Driven Institute. Together, we built this model.

article thumbnail

Do No Harm…

Supply Chain Shaman

I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear. I have also learned that you need a large data pool to derive the type of analysis that I want to publish. The technologies enable the evaluation of both volumetric flows and cost.

article thumbnail

Raise a Toast to Digital Business!

Supply Chain Shaman

The word digital is everywhere in their presentations– digital path to purchase, digital agriculture, and digital manufacturing. This includes the automation of the list and driving demand before the store, driving demand in the store, mining the data from checkout and listening to sentiment post purchase. e-commerce.