For many of us, the words “the forecast is always wrong” has become something we instinctively say. There’s nothing wrong with acknowledging there is variation ... Read More...
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...
This holiday season, I find myself reflecting on omnichannel forecasting, and my days as a buyer for Bonwit Teller in the late 1980s. As buyers, we developed ou... Read More...
Question
Greetings Dr. Jain, I am currently trying to develop the best way to calculate our forecasting accuracy. We end up with a significant number of SKU... Read More...
What comes to mind when you think about the Demand Planning role? Sophisticated econometric models, highly analytical work, and number crunching? This was my fi... Read More...
Simple initiatives add up to big gains. Many professionals feel that establishing a robust demand planning process in an organization is a long and arduous jour... Read More...
I must admit I was wrong. I recently helped pen an article in the Journal of Business Forecasting (JBF) Fall 2017 edition entitled “Why Is the S&OP Process... Read More...
Seth Godin, bestselling author of the books Tribes and Linchpin, once said in an interview that if you can only do what someone else tells you to do and nothing... Read More...
The Journal of Business Forecasting Winter 2017/2018 Issue is available now for download. Below is a letter from the Editor, Professor Chaman L. Jain, revealing... Read More...
In the first of this mini-series, Pat Bower of Combe Inc. reveals the quickest and easiest ways to reduce inventory. Detailing the preferred methods used by lea... Read More...
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