Linking KPIs to the Income Statement and Balance Sheet
“What can be measured, can be managed.” This statement is certainly accurate with respect to the real value and purpose of using KPIs, or key performance indica... Read More...
KPIs/Metrics
The Supply Chain Planning KPIS you Need to Know
As the saying goes, what gets measured gets improved. The same is the case with supply chain management. End to end supply chain operations related to plann... Read More...
Managing Optimism Bias In Demand Forecasting
I recently watched a Ted Talk by Professor Tali Sharot, a specialist researcher in Experimental Psychology at University College London. She described how o... Read More...
Tracking Forecasting Error With An Excel Model (With Free Download)
Peter Drucker’s famous axiom “You can't improve what you don't measure” is particularly relevant to business forecasting. As Demand Planners, we want to mea... Read More...
The 4 Cornerstones Of An Effective Demand Review
S&OP processes always include a demand review step. There are plenty of articles, webinars, and blogs about how to set up and optimize a Deman... Read More...
How Forecastable Are Your Items?
Not all items are created equal. Not all customers are not created equal. We know this to be self-evident. If this is true, why do we assume our accuracy sh... Read More...
Stop Worrying About Forecast Accuracy!
“Ah, my forecast accuracy was bad last month because marketing added a promotion too late...” “My forecast accuracy is fantastic; I achieved 70% for mon... Read More...
Why Forecast Accuracy Is Hiding The Truth About Performance
Having worked in demand planning, S&OP and supply planning for several years, I have found that organizations often try to improve forecasts as a means to i... Read More...
8 KPIS EVERY DEMAND PLANNER SHOULD KNOW
Without KPIs, it is impossible to improve forecast accuracy. Here are 8 highly effective metrics that allow you to track your forecast performance, complete wit... Read More...
The Magic Of FVA%
The latest episode of IBF’s On Demand podcast is available to watch now. Forecast Value Add (FVA) is a wonderful way to identify which inputs and activities ... Read More...