Using Excel To Present & Update Forecasts At The Demand Review
When it comes to visualizing data in the S&OP process, most stakeholders like to see forecasting outputs in the form that they are most familiar with – Exce... Read More...
How To Present Forecasts Properly
When people talk about the forecasting/predictive analytics process, there is one crucial part we tend to miss out – the presentation. It is like running a mar... Read More...
Ask Dr. Jain: Where To Put The Forecasting Function For Lowest Forecast Error?
Do you have any research/survey data regarding where to place the forecasting function? I have a client who is in the process of migrating to the S&OP proc... Read More...
Differences Between Demand Forecasting & Predictive Analytics
For many companies and demand planners, predictive analytics seems revolutionary. To others, it is just a more advanced version of normal demand planning. The c... Read More...
In New Product Forecasting, Human Beats Machine
The world of forecasting today is filled with machine-related buzzwords like AI, predictive analytics and machine learning. Will all of forecasting be done by m... Read More...
5 Tips to Reduce Over and Underfitting Of Forecast Models
When it comes to forecasting models, there is no one size fits all. And with different inputs, methods, and parameters, how do you choose the right one, and onc... Read More...
Forecaster’s & Planner’s Guide To Data
In supply chain and operations, raw materials are substances that are used in the manufacturing of goods. They are the commodities to be transformed into anoth... Read More...
Your Customers Hold Valuable Data That Can Improve Your Forecast Accuracy – So Ask Them For It!
We are often so busy using statistical models or trying to understand machine learning when our customers may have some of the answers already. Your customers c... Read More...
3 Questions Supply Chain Should Ask To Support The Commercial Strategy
Does your supply chain know how the commercial team intends to succeed in the marketplace? If not, how can it adequately support the commercial strategy? In ... Read More...
Forget Demand Driven Forecasting, We Need Consumer Driven Forecasting
In the times of fast data and even faster business, it is no longer enough to be demand driven - you need to become more and more consumer driven. The goal o... Read More...