Posts Tagged ‘ forecasting metrics ’

Special Edition: Leveraging Predictive Business Analytics – Journal of Business Forecasting Winter 2015

February 3, 2015
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Special Edition: Leveraging Predictive Business Analytics – Journal of Business Forecasting Winter 2015

Tweet Predictive Business Analytics, the practice of extracting information from existing data to determine patterns, relationships and future outcomes, is not new; it has been used in practice for many years. What is new, however is the massive amount of data, so-called Big Data, now available, that can better support decision making and improve planning…

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Improving Forecast Accuracy: Using Lean Principles to Improve the Forecasting Process

January 26, 2015
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Improving Forecast Accuracy: Using Lean Principles to Improve the Forecasting Process

Tweet Nearly all supply chain practitioners are familiar with, or have been trained on, the use of Lean/Six Sigma tools for reducing waste and improving processes. However, these tools are often thought of as techniques only for addressing manufacturing quality and efficiency. In recent years, Lean practitioners and educators have found the tool set to…

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Forecast Value Added (FVA) – Series 2 Interview

January 21, 2015
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Forecast Value Added (FVA) – Series 2 Interview

Tweet Interviewer: Michael Gilliland, SAS This month’s interview is with Shaun Snapp, founder and editor of SCM Focus, where he provides independent supply chain software analysis, education, and consulting. Shaun’s experience and expertise spans several large consulting companies and at i2 Technologies before staring SCM Focus. He has a strong interest in comparative software design,…

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IBF Webinar Series – Alan Milliken: Transforming Big Data into Supply Chain Analytics

January 16, 2015
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IBF Webinar Series – Alan Milliken: Transforming Big Data into Supply Chain Analytics

Tweet Alan Milliken recently presented an outstanding IBF webinar entitled Transforming Big Data into Supply Chain Analytics. Alan’s presentation on the use of Big Data was not only informative but extremely insightful.  Using practical examples, Alan explained the significance of using descriptive analytics (e.g. reports, KPI’s, dashboards) to report performance, how the use of predictive analytics…

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“Big Data” Takes Center Stage at IBF Best Practices Conference and Leadership Forum

December 20, 2014
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“Big Data” Takes Center Stage at IBF Best Practices Conference and Leadership Forum

Tweet I recently attended the IBF Best Practices Conference and Leadership Forum in Orlando this past fall. Prior to my current role, I was a 15 year veteran practitioner and conference presenter in forecasting, S&OP, and planning. I’ve had the privilege of attending many presentations from experts all over the globe discussing S&OP, demand planning…

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Forecast Value Added (FVA) – Series 1 Interview

December 10, 2014
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Forecast Value Added (FVA) – Series 1 Interview

Tweet Interviewer: Michael Gilliland, SAS This month our interview is with Jonathon Karelse, a recognized Demand Planning and S&OP thought leader, frequent speaker, moderator, and panelist at IBF and supply chain events. Jonathon is graduate of the MIT Sloan School of Management’s Executive Program in Value Chain and Operations Management. He was the youngest ever Executive…

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New IBF Blog Series – Forecast Value Added (FVA)

November 24, 2014
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New IBF Blog Series – Forecast Value Added (FVA)

Tweet Beginning this December, the Institute of Business Forecasting is proud to publish a new blog series of case studies on Forecast Value Added (FVA). Michael Gilliland, Product Marketing Manager for SAS will be leading this series as he interviews forecasters who have applied the method of FVA analysis within their organizations, and report on…

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Understanding the Black Box

November 12, 2014
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Understanding the Black Box

Tweet Education in the demand planning arena is a critical part of achieving improved results. We here at Continental Tire are always looking for ways to increase our forecast accuracy and improve our customer relationships; IBF is one of our main sources for doing so. Over the years, it has been my experience that the…

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2014 Business Forecasting & Planning Recognition Award Recipients

November 12, 2014
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2014 Business Forecasting & Planning Recognition Award Recipients

Tweet The Institute of Business Forecasting & Planning, IBF, would like to proudly acknowledge and congratulate our 2014 Business Forecasting & Planning Recognition Award Recipients.  The IBF’s Business Forecasting & Planning Recognition Awards are presented annually in October to those individuals who distinguish themselves as the most influential and innovative thought leaders, solution providers, and…

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Safety Stock, Forecasting, and S&OP

October 22, 2014
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Safety Stock, Forecasting, and S&OP

Tweet Most practitioners of Sales & Operations Planning would agree that the focus of an S&OP Process should be on the mid-to-long range horizon, and typically at a volume/aggregate level.  However, I am often surprised when some of these same practitioners indicate that backward-looking Demand planning KPIs like Forecast Accuracy and Forecast Bias, as well…

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