The fashion industry is undergoing seismic shifts due to omnichannel and social media disruption that make predicting and managing demand more difficult than ev... Read More...
During these turbulent and unpredictable times, forecasting is less fun than ever! But forecast we must, if we are to manage our companies competitively and wel... Read More...
Question
I work for an FMCG company with 300+ SKUs. The company wants to move towards bottom
up forecasting at regional and customer level for each SKU, using... Read More...
Demand Planners readily recognize the challenge of creating business forecasts, and perhaps have an appreciation for the thankless job weather forecasters have.... Read More...
It is essential to continuously revisit and modernize your demand forecasting processes so they adapt to current market realities. This article outlines the bas... Read More...
Ignorance occurs when the outcomes are not known (or predicted); uncertainty occurs when the outcomes are known (or predicted) but the probabilities are not; an... Read More...
Over the past few years, the Demand Planning community has become quite starry eyed over advancements in predictive software and tools. The concepts of “Big Dat... Read More...
At Nespresso, we started the Collaborative Demand Planning (CDP) initiative two years ago, with the aim of forecasting Nespresso sales in a data-driven way. The... Read More...
Some time ago I was on a call with IBF board members discussing situations where social media data signals rapid changes in demand for a product. These data mig... Read More...
Question
Dear Dr. Jain,
I work for a large multinational FMCG - it is considered a group norm to use a high level, statistically modeled forecasting tool fo... Read More...
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