A Critical Look at Measuring and Calculating Forecast Bias
I cannot discuss forecasting bias without mentioning MAPE, but since I have written about those topics in the past, in this post, I will concentrate on Forecast... Read More...
Forecasting and Planning
Balancing Supply & Demand: The 5 Core Steps
Alignment of demand and supply has been the subject of extensive research but is still a pain point for many organizations, causing either lost sales on the one... Read More...
S&OP Kick Off Guide
The purpose of this article is to make clear the essential requirements for sustainable S&OP process implementation. S&OP implementation has a high fail... Read More...
Ask Dr. Jain: How Can I Gauge Demand Planners’ Performance?
Question
Dear Dr. Jain, I am am keen to know the best practices for 3 points : 1. The KRA's (Key Result Areas) for Demand Planners regarding: areas of re... Read More...
Second Opinion Forecasting, The Next Big Thing?
Attention Demand Planners, wouldn’t you AND your CFO both like to know how much profit your current forecast is leaving on his table? Turns out you can; all tha... Read More...
Easy As ABC: Simple Guide To Inventory Management
Is your warehouse full of widgets wigging you out? Not to worry, this simple ABC guide will help you implement and maintain an effective inventory management s... Read More...
Ask Dr. Jain: How Do I Implement Demand Planning For My Services Company?
Dear Dr. Jain, I work for a large company, a group which provides services for Oil & Gas Companies. It has several activities including : - Air transp... Read More...
Can You Forecast Better Than an 8 Year Old?
Can you forecast better than a first grader? I would hope so, and of course most of us can. After all, our experience with forecasting tools and methodology far... Read More...
BASF’s Best In Class Forecasting Process
The BASF Group’s Intermediates division develops, produces and markets a comprehensive portfolio of about 700 products for coatings, plastics, pharmaceuticals, ... Read More...
How To Use Facebook’s Prophet
Working in a SME with limited resources, the kind of sophisticated forecasting tools used by the major multinationals can seem far out of reach. For people in s... Read More...