Logistics Viewpoints
MARCH 27, 2023
When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Unfortunately, most companies cannot, and will never be able to, consistently rely on highly accurate forecasts. Absolutely!
Supply Chain Shaman
MARCH 21, 2024
In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. 40-50% of items are not forecastable at an item/location level. Lack of aligned metrics. Instead, we need to Jump. The So What?
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Arkieva
OCTOBER 14, 2020
In this blog, we will illustrate through an example of these potential pitfalls (unanchored, random variation, and narrow metrics) and potential negative impact on a firm. Insight from Applied Statisticians for Forecasting: Is It Worth the Effort and the Mirage of Random Variation was first posted on October 14, 2020 at 8:09 am.
Supply Chain Shaman
OCTOBER 11, 2023
We speak about the need to move from a functional understanding to a global, holistic capabilities, but the traditional supply chain leader defines bonus incentives and process performance goals based on functional metrics. I often laugh when companies ask me to define a good forecast. Measurement. Engines, Models and Workflow.
Supply Chain Opz
AUGUST 2, 2017
And no function is more at the forefront of that endeavor than demand forecasting. The challenge of effective supply chain management is to deliver on ever-increasing customer demands for excellent service while simultaneously managing costs. Agility and responsiveness, aligned with cost effectiveness, is the aim.
Silvon Software
JANUARY 25, 2023
While the Supply Chain department has a clear view of “regular” demand patterns, Sales has insights into exceptions, new opportunities, new products and promotional activities. Working together to incorporate all this information into the sales forecast and demand plan can ensure that everyone is prepared for demand fluctuations.
Kinaxis
FEBRUARY 5, 2015
by Melissa Clow Our partner Celestica recently published the following article, ‘What If You Could Take The Guesswork Out Of Forecast Planning?’. Demand planning has a big impact on business performance. The factors which impact demand management and forecasting are nearly endless. How predictable is the demand?
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