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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Real World Constraints to Sales and Operations Planning (S&OP). A Perspective from Asia

February 10, 2011
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Real World Constraints to Sales and Operations Planning (S&OP). A Perspective from Asia

Tweet On the supply-side, Sales & Operations Planning (S&OP) most commonly fails when an unconstrained plan meets real-world constraints.  In this post, we would like to explore the nature of these constraints and suggest ways to moderate the operations plan in order to come up with a more predictable supply capability. Process and Product Constraints…

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Demand Planning: Value Added vs. Cost Center

February 7, 2011
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Demand Planning: Value Added vs. Cost Center

Tweet “Demand Planning”, “Forecasting”, “Brand Operations”, and “Planning” These are not only terms that you will find on my resume, but also the answer I’ve given in social settings when asked what I do for a living. I’ve yet to give an answer without receiving the inevitable follow-up query: What exactly is a Demand Planner?…

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How Can Your Organization Drive Continuous Improvement by Utilizing Statistical Forecasting?

February 2, 2011
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How Can Your Organization Drive Continuous Improvement by Utilizing Statistical Forecasting?

Tweet I believe that there are two ways your organization can improve the performance of statistical forecasting: 1) Wait for your business to become more forecastable 2) Develop a process to drive continuous improvement in your statistical forecasting approach At PepsiCo Chicago, we have made great progress to improve the performance of our statistical forecasts by…

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Mind the Gap: Measuring the “White Space” in Your Business Planning

January 28, 2011
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Mind the Gap: Measuring the “White Space” in Your Business Planning

Tweet We all know that you should measure processes.  There is a lot of literature written on this subject, and most companies now have some sort of Lean or Six Sigma program and quality management system that requires processes to be measured for evaluation and improvement purposes.  Control is another big aspect of metrics.  One…

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IBF Year End Blog – What we Learned About Forecasting in 2010

December 21, 2010
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IBF Year End Blog – What we Learned About Forecasting in 2010

Tweet Our ability to forecast was met with increasing skepticism in 2010 – and this is a good thing.  A decade ago, the thrill of technological innovation provided hope that more data, bigger computers, and fancier models would one day solve all our forecasting problems.  Yet we now have more data, bigger computers, and fancier…

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