Posts Tagged ‘ forecasting system ’

New Learnings from Day 1 of IBF’s Business Forecasting & Planning Academy: An Attendee’s Perspective

August 25, 2015
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New Learnings from Day 1 of IBF’s Business Forecasting & Planning Academy: An Attendee’s Perspective

Tweet Last week I had the opportunity to attend IBF’s Business Forecasting & Planning Academy held in Las Vegas. The two days were filled with fourteen educational sessions, three roundtable discussions, and multiple opportunities for connecting with peers and instructors. Each educational session, organized as introductory or advanced level, was two hours in length allowing…

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How Many SKUs Can A Forecaster Manage? —IBF Research Report 14

August 3, 2015
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How Many SKUs Can A Forecaster Manage? —IBF Research Report 14

Tweet   It is difficult to arrive at one fixed number of SKUs that a forecaster can manage, because situations vary from industry to industry and company to company. There are several factors at play. It depends on how easy or difficult it is to forecast, what the lead time is, the cost of forecast error, whether forecasts…

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Passion & Spice Missing From Your S&OP Relationship?

June 25, 2015
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Passion & Spice Missing From Your S&OP Relationship?

Tweet During a recent IBF conference in Chicago I was asked numerous times about how to make Sales & Operations Planning (S&OP) less boring.    It is not the first time.    This is a very common question.    I suspect this is becoming more common place as S&OP processes mature past “storming” and into “norming”.   When processes…

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Organizational Agility: S&OP and Financial Integration Creates Integrated Business Planning (IBP)

June 16, 2015
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Organizational Agility: S&OP and Financial Integration Creates Integrated Business Planning (IBP)

Tweet Does your S&OP process require you to integrate plants across a global organization?  Do you have multiple forecasts for different functions and possibly different regions?  Increasingly, companies are challenged to lead the S&OP process across a global multi-national company. As everyone is aware the S&OP process starts with an accurate forecast.  While there is…

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Dominate Your Competition with Forecasting, Demand Planning, and S&OP

June 11, 2015
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Dominate Your Competition with Forecasting, Demand Planning, and S&OP

Tweet How effective is your company at seeing the future? I’ll answer that for you, “I wish we were better at it.” The better you plan, the smoother all business functions will run. However, even the best forecasting processes still yield error and send out the wrong signals. If you want to crush the competition…

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Forecasting, How Well Can You Do It?

June 8, 2015
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Forecasting, How Well Can You Do It?

Tweet I am a big fan of a ubiquitous fast food restaurant called Chipotle. Black beans, brown rice, grilled chicken, both habanero salsa and pico de gallo, cheese on a whim, but no lettuce, and definitely no sour cream. Chances are that your favorite assembly is different than mine, yet Chipotle seems to always handle…

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Who are You to Me and Who Am I to You in the Extended Supply Chain

May 11, 2015
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Who are You to Me and Who Am I to You in the Extended Supply Chain

Tweet It was 80 degrees and the sun was directly overhead as I walked into the corporate office for my first meeting at my new employer.  My heart was beating through my chest, as it often does in new situations, but I was confident.  It was actually about 1PM the Wednesday before my official start…

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Aligning and Managing Demand for New Products using S&OP

May 4, 2015
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Aligning and Managing Demand for New Products using S&OP

Tweet   Many organizations have processes that define how new products will be conceived, developed, designed, and brought to market.  Many organizations also have processes that define how they will integrate sales and operational plans to achieve their business objectives.  These processes may be at varying levels of formality and maturity.  However, it is not…

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Forecast Value Added (FVA) – Interview Series 4 – Moen Incorporated

April 29, 2015
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Forecast Value Added (FVA) – Interview Series 4 – Moen Incorporated

Tweet This month’s interview is with Erin Marchant, Senior Analyst in Demand Management at Moen, Incorporated. Erin has over ten years of varied experience in Supply Chain, from strategic sourcing to material planning, production scheduling, and demand management. She is also Moen’s Demand Planning and Analytical Systems Power User. Erin is a graduate of Heidelberg…

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Using Macroeconomic Data and Predictive Business Analytics to Forecast Sales at Ferro

March 27, 2015
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Using Macroeconomic Data and Predictive Business Analytics to Forecast Sales at Ferro

Tweet In this blog post, we will outline: 1. The reasoning for creating a predictive sales model (PSM) at a global diversified chemical company such as Ferro 2. Our approach to selecting the right data and building out a regression model to forecast sales.   The Business Case The volume and velocity of data has…

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