demand planning

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What Is Business Forecasting & Demand Planning?

Eric Wilson, ACPFJanuary 6, 2023

What is Business Forecasting? Business forecasting is the process of using analytics and experience to make predictions about future customer/consumer demand. The goal is to go beyond knowing what has happened to arrive at the best assessment of... Read More...

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A Critical Look at Measuring and Calculating Forecast Bias

Sujit SinghAugust 6, 2021

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 Bias and the Forecast Bias Formula. What Is Forecast Bias? Forecast Bias can be descr... Read More...

Forecasting and Planning8 Comments 0

3 Keys to Success in a New Demand Planning Role

Jennifer Darmanin CPFApril 21, 2021

Whether your first job out of college is in the dynamic world of demand planning or you are an experienced Demand Planner transitioning to a new company, there are some key principles that will jumpstart the value you bring to your new organization. ... Read More...

Competencies/SkillsPeople1 Comment 0

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The Differences Between Demand Planning, Forecasting and S&OP

Karen PentzJune 1, 2019

What are the goals of business? To maximize profits! From a supply chain perspective, how do we accomplish this? Let’s look at some of the key aspects of how supply chain contributes to the goals of the company. We know how important our demand pl... Read More...

CollaborationNEWSProcessS&OP/IBP8 Comments 4

6 Simple Steps For Starting A Demand Planning Process

Krishnan ChidambaramJanuary 26, 2018

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 journey. Undoubtedly, there are many challenges, but focusing on some simple steps can make th... Read More...

Collaborationdemand planningForecasting and PlanningModels & MethodsNEWSS&OP/IBPUncategorized2 Comments 0

The Demand Planner Of The Future Will Not Report To Supply Chain

Eric Wilson, ACPFJanuary 22, 2018

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 more, then they can find someone (or something) cheaper than you to do it. If you can cre... Read More...

demand planningForecasting and PlanningNEWSS&OPSupply Chain3 Comments 3

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The Ten Commandments Of Forecasting & Demand Planning

Dwayne WildhagenJanuary 16, 2018

The importance of a forecast really depends on the environment in which you operate. If you are fortunate enough to be in an environment where customer orders coincide with your cycle time, then the forecast is really more for mid- to long-range plan... Read More...

demand planningModels & MethodsNEWSS&OP/IBP4 Comments 1

Image of Goodyear signage, illustrating the author's demand planning career

From Shelf Stacker to Demand Planning Leader: My Unusual Career in S&OP

Jonathan BoultJanuary 9, 2018

A common feeling amongst those leaving university is the sense of “what next?” And when you graduate with a degree as vague as mine (BA in Arts & Humanities) this feeling is particularly acute. Nothing I studied at university suggested a Supply C... Read More...

Competencies/SkillsTalent ManagementUncategorized0 Comments 0

3 Tips For Forecasting New Products From Castrol’s Demand Planning Playbook

Mustafa SiddiquiJanuary 8, 2018

Innovation, or new product development, is an integral part of any organization that wants to grow and compete for market share. This doesn’t just involve brand new inventions, but also new models and updated versions. Whatever the new product or mod... Read More...

Forecasting and PlanningModels & MethodsNEWS0 Comments 1

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The Power of Data Analysis Profiling In The Medical Device Industry

Corina SalageanJanuary 5, 2018

It is widely acknowledged that the right demand plan can balance inventory levels with costs and lead to positive cash flow and higher customer satisfaction. Therefore, more and more companies are focusing their resourcing on achieving demand plannin... Read More...

Advanced AnalyticsDataForecasting and PlanningNEWSUncategorized4 Comments 0