Posts Tagged ‘ forecasting metrics ’

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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Interdepartmental Cooperation Optimizes Supply Chain Limitations – Journal of Business Forecasting Fall 2014

October 22, 2014
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Interdepartmental Cooperation Optimizes Supply Chain Limitations – Journal of Business Forecasting Fall 2014

Tweet Volume 33 Issue 3 Fall 2014   Click here to download a sample copy of the latest Journal of Business Forecasting (JBF) Click here to Become an IBF member and get a JBF subscription FREE Featured Articles: Interdepartmental Cooperation Optimizes Supply Chain Limitations By Michael Morris The author describes how working with Marketing and…

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IBF Report: Benchmarking Forecast Errors

October 22, 2014
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IBF Report: Benchmarking Forecast Errors

Tweet Within demand planning and forecasting, there is nothing more important than forecast accuracy. The success of any plan greatly depends on it. Forecasts allow you to determine opportunities and risks; they also help to effectively manage supply and demand. Gone are the days when manufacturers produced what they thought they could sell. That was…

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Dancing to S&OP to See Who Hears the Music and Joins In

September 3, 2013
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Dancing to S&OP to See Who Hears the Music and Joins In

Tweet “The first follower transforms a lone nut into a leader” – Derek Sivers Implementing an S&OP process is a daunting task at most companies, but it is also a great opportunity for mid-level managers to demonstrate leadership and directly affect their company’s bottom line.  Much has been said about “getting executive buy-in” being critical…

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Should the Naïve Forecast be Your Default Forecast?

July 3, 2012
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Should the Naïve Forecast be Your Default Forecast?

Tweet Short answer: No. For the past month there has been a healthy discussion about forecast accuracy metrics on the Institute of Business Forecasting & Planning discussion group on LinkedIn. This was all prompted by the question, “How does one establish an acceptable target to measure against?” posed by Catherine Waudby, Volume Planning Specialist at…

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The Science of Forecasting

May 31, 2012
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The Science of Forecasting

Tweet We’re familiar with application of the scientific method in certain industries, such as Pharmaceuticals. When a new drug is introduced, we expect that its safety and efficacy has been demonstrated through appropriately controlled experiments. For example, to test a new cold remedy we would find 100 people with colds, randomly give half the new…

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