Posts Tagged ‘ forecasting system ’

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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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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Fundamentals of Demand Planning & Forecasting Book

May 3, 2012
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Fundamentals of Demand Planning & Forecasting Book

Tweet I am pleased to announce the completion of my new book, “Fundamentals of Demand Planning & Forecasting.” To me, this is the most comprehensive book written in the area of demand planning and forecasting, covering practically every topic which a demand planner needs to know. This book discusses not only the different models of…

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Using Shipment History: A Deadly Sin?

April 20, 2012
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Using Shipment History: A Deadly Sin?

Tweet In his article titled “Seven Deadly Sins of Sales Forecasting” in the March 28 edition of APICS extra, Fred Tolbert compiled a useful list of bad practices than can worsen our forecasting, inventory management, and customer service results. I particularly liked Deadly Sin #5: Senior Management Meddling, and wrote about it on The Business…

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My Experience at IBF’s Supply Chain Planning & Forecasting Conference

March 13, 2012
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My Experience at IBF’s Supply Chain Planning & Forecasting Conference

Tweet   This happened to be my first of what I hope to be many encounters with the folks at Institute of Business Forecasting & Planning (IBF) events.  I will never be able to understand how I came to be where I am today in my career, but I am very thankful all the same…

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