Posts Tagged ‘ forecasting metrics ’

How to Manage and Mitigate Risk Using S&OP

May 10, 2011
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How to Manage and Mitigate Risk Using S&OP

Tweet Having worked in the industry, we all know that Sales & Operations Planning (S&OP) is all about mega decisions being made by executives about issues such as building factories, authorizing inventory or hiring people for major projects. We also know that executive decisions are made with limited information and, especially in the world of…

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Transforming the Supply Chain with Forecasting and Demand Planning at Electrocomponents plc

April 14, 2011
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Transforming the Supply Chain with Forecasting and Demand Planning at Electrocomponents plc

Tweet The Background… Throughout a financially turbulent 2009, the Supply Chain at Electrocomponents plc needed to better integrate into the business and become more intelligent, agile and effective. Just two years into our long-term transformation journey, our key innovations have been to: Introduce formal forecasting. Embed leading Supply Chain thinking including demand planning and SIOP…

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The Perfect Forecast and the Cost of Error: Radio Shack’s Experience

April 11, 2011
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The Perfect Forecast and the Cost of Error: Radio Shack’s Experience

Tweet Forecasting & Planning Professionals strive to reduce error in their work.  For all this effort, what is the reward? When asked what the cost of forecast error is, most discussions turn to the consequential impact of inaccurate forecasts.  Consequential impacts include lost sales and profits, expedited freight, excess and obsolete inventory, and unhappy customers.…

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Proof Positive, Sticking to the Basics in Forecasting and Planning Works

March 17, 2011
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Proof Positive, Sticking to the Basics in Forecasting and Planning Works

Tweet Trading Places The storyline is an old one. It was the theme of the 1983 American comedy titled Trading Places starring Dan Aykroyd and Eddie Murphy.  You may remember it; It is one of my favorite funny movies in which an upper class commodities broker and a homeless street hustler switch roles when they…

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ST2AR – Sell Thru Triggered Automated Replenishment and Improving Forecast Accuracy

March 16, 2011
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ST2AR – Sell Thru Triggered Automated Replenishment and Improving Forecast Accuracy

Tweet I came to work at SONY 16 years ago with lots of passion and energy. I worked across several countries and held many different responsibilities from marketing to finance to supply chain. Now, at my present vocation, being operations director at SONY, I find myself responsible for many different areas of the business. My…

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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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