Machine Learning + Statistical Forecasting = Faster Response
In forecasting there is an old saying that forecasts are never accurate, and that what's important isn't an exact number, but a range. Advancing digitalization ... Read More...
Why All CEOs Must Embrace S&OP
According to Merriam-Webster, “The English word chaos is borrowed from the Greek word that means ‘abyss.’ In ancient Greece, Chaos was originally thought of as ... 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...
MIT RESEARCH: MACHINE LEARNING KEY TO SUPPLY CHAIN AGILITY IN FASHION INDUSTRY
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...
Bob Stahl’s Multiple View Forecasting
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...
IBF Survey: 70% Of You Say AI Is Future Of Demand Planning
While the basic concepts of Machine Learning (ML) and Artificial Intelligence (AI) are not new to forecasting and demand planning, there obviously seems to be r... 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 Do I Get Started With Holt Winters Exponential Smoothing?
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...