There Were no Couches to Lie On, but Forecasting Therapy Was In Session

March 4, 2011
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There Were no Couches to Lie On, but Forecasting Therapy Was In Session

Tweet The IBF’s 10th annual Supply Chain Forecasting and Planning Conference turned out to be an incredible three days at the Villas of Grand Cypress Resort in Orlando, Florida. We kicked things off with a spectacular golf outing where we got to meet new friends and enjoyed the summer like conditions. We all did our…

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Forecasting and Calibrating Demand with Economic Cycles

February 23, 2011
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Forecasting and Calibrating Demand with Economic Cycles

Tweet I started my demand planning career in the summer of 2008. Looking back, I know now that this turned out to be the worst possible time to break into the field.  At Ingersoll Rand, we were just starting to feel the initial pains of ‘The Great Recession’, but our system forecasts did not provide…

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Taming the Beast: Forecasting and Planning for Highly Volatile Customer Demand

February 21, 2011
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Taming the Beast: Forecasting and Planning for Highly Volatile Customer Demand

Tweet Back in the spring of 2010, business forecasters were filled with trepidation about whether or not an economic recovery was either reasonable or imminent. At Loud Technologies Inc our planning staff wanted to forecast a conservative level of market recovery but didn’t want to commit too much working capital into material spending. Little did…

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Engaging Your Business Users on the Value of Forecasting in Order to Maintain a World Class Supply Chain

February 18, 2011
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Engaging Your Business Users on the Value of Forecasting in Order to Maintain a World Class Supply Chain

Tweet I suffer from a recurring dream. In that dream, I am standing in front of 300 Stock Controllers explaining how an external baseline will work alongside causal forecasting. The results of this will generate a Simple Exponential Smoothing forecast which in turn will produce auto sourced algorithms over your Bayesian plan. “Don’t worry though,”…

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Forecast First, Ask Questions Later?

February 17, 2011
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Forecast First, Ask Questions Later?

Tweet Sometime during the 20th century sales forecasting went from being a necessary part of someone’s job to being someone’s entire job.  Sales forecasting, has made the move from being only 1 step in the inventory/production analyst’s planning to a forecaster’s full time position. This is definitely good news for those of us who wanted to…

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Forecasting as a Key Enabler in Business Transformation

February 15, 2011
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Forecasting as a Key Enabler in Business Transformation

Tweet Businesses go through change frequently and as we all know, change is difficult because we are human. Change and transformation are necessary for companies to adapt and improve, but in order for change to be effective, many factors need to be addressed simultaneously. Take demand planning and forecasting for example. If you work for…

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