Basics of Data Management for Demand Forecasting
The importance of demand forecasting is clear. Robust forecasting improves critical KPIs like customer service levels, inventory turns, and cash. Howeve... Read More...
Data
Tips For Cleaning Your Dirty Data
We all work with data but we're not all data people. We must recognize that everybody who interacts with data plays an important part in cleaning and maint... Read More...
3 Sources Of Forecast Error To Avoid
Those seeking to reduce error can look in three places to find trouble: The data that go into a forecasting model, the choice of a forecasting method, and t... Read More...
Using Social Media Data To Improve Forecasts
Web 2.0 is a term that's been used often since the early 2000s. While the itself term is ambiguous, it has in many ways come to mean the socialization of the we... Read More...
What Happened To The Data Gathering Step In S&OP?
The year is 1991. Nirvana just released Nevermind, Baywatch is the hottest show on TV, and it’s your job to gather data to begin the next month’s S&OP cycle... Read More...
How Business Forecasting & Predictive Analytics Are Merging
Business forecasting and predictive analytics are merging to leverage Big Data as a growth driver. Predictive analytics does not have to be complicated and D... Read More...
How Much Data Is Enough In Predictive Analytics?
If we can gain insights from just a small amount of internal structured data, then how much more could we glean from Big Data? I’m talking that external mass of... Read More...
Overcoming The Challenges of Big Data
We can no longer ignore data. Now that we have begun to define it and find new ways of collecting it, we see it everywhere and in everything humans do. Our curr... Read More...
Forecaster’s & Planner’s Guide To Data
In supply chain and operations, raw materials are substances that are used in the manufacturing of goods. They are the commodities to be transformed into anoth... Read More...
First Day Of S&OP Implementation? Calm Down & Start With Data
It's your first day at a new company and you're tasked with implementing S&OP. What's the first thing you do? The best starting point is to figure where to... Read More...