Forecast Accuracy Benchmarking Is Dead (Long Live Forecastability)
How valuable is forecast accuracy benchmarking? It's always interesting to see how your competitors' are faring, but does knowing other companies' forecast accu... Read More...
KPIs/Metrics
Demand Planners Guide To Speaking The Language Of Sales
There are differences between the operational and commercial mindset. The problem many of us demand planners have is not knowing how to speak the language of sa... Read More...
Introducing (E)Score: MAPE For Range Forecasts
Eric Wilson CPF introduces a new measurement of probabilistic forecast performance that measures error, range and probability all in one formula. It goes beyond... Read More...
S&OP KICK OFF GUIDE: PART II
In the previous article we talked about the essential requirements for people and processes to ensure successful S&OP. In this second part, we will talk abo... Read More...
Ask Dr. Jain: What Are The Forecast Accuracy Benchmarks In Retail?
Question:
Dear Dr. Jain, What are the benchmarks in forecast accuracy in the retail industry, specifically for companies that use JDA Demand software?
Answ... Read More...
Measure Correctly, Manage Correctly: Revisit Your Metrics!
Talk to any department in your organization about their internal metrics. Within a few minutes, you’ll easily be able to gauge whether or not it’s time for said... Read More...
The Huge Benefit Of Dollarizing Your Forecast Accuracy
Imagine you’re in the middle of the monthly S&OP meeting, and you’ve come to the point on the agenda that says: “review forecast accuracy KPIs”. You can alr... Read More...
How To Gauge Forecastability
“30% forecast accuracy? Seriously? What do I pay you for? I could flip a coin and get better results than this!” Yes, we hear this as demand planners. And yes,... Read More...
How To Use Forecast Value Added Analysis
Forecast accuracy has always been measured, but now it is becoming a key performance indicator (KPI) for many supply chains. But are we measuring the right thin... Read More...
Forecast Value Added (FVA) – Interview Series 4 – Moen Incorporated
Erin Marchant This month’s interview is with Erin Marchant, Senior Analyst in Demand Management at Moen, Incorporated. Erin has over ten years of varied expe... Read More...