forecast error Archives - Demand Planning

Ask Dr. Jain: Where To Put The Forecasting Function For Lowest Forecast Error?

Dr. Chaman L. JainSeptember 23, 2019

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 process and wants to decide where to put it. They do not want it within Supply Chain, and are ... Read More...

S&OP/IBP0 Comments 0

Ask Dr. Jain: What Are The Forecast Accuracy Benchmarks In Retail?

Dr. Chaman L. JainJune 22, 2018

Question: Dear Dr. Jain, What are the benchmarks in forecast accuracy in the retail industry, specifically for companies that use JDA Demand software? Answer These are benchmarks of forecast errors in the retail industry, based on the last fi... Read More...

KPIs/Metrics1 Comment 0

Stop Saying Forecasts Are Always Wrong

Eric Wilson, CPFFebruary 20, 2018

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 in demand or admitting we may miss a projection. But when it becomes your automatic respon... Read More...

Forecasting and Planning3 Comments 2

Product Portfolio Optimization – Journal of Business Forecasting (Special Issue)

Dr. Chaman L. JainFebruary 29, 2016

Within the pages of this particularly exciting issue, you will read articles written by the best minds in the industry to discuss multiple important aspects of Product Portfolio Optimization. This is an important topic because in today’s highly compe... Read More...

Forecasting and Planning0 Comments 0

Risk-Adjusted Supply Chains Help Companies Prepare for the Inevitable

Wade McDanielFebruary 19, 2016

Each time I get in my car and drive to work, or the grocery store or wherever, there are a myriad of dangers that I might encounter. I could get t-boned at an intersection by a distracted driver; I might blow a tire and swerve into a ditch or a piece... Read More...

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Forecasting & Planning Learnings from Day 2 of IBF Academy: An Attendee’s Perspective

Jeff MeterskySeptember 16, 2015

Last Month, I had the opportunity to attend IBF’s Business Forecasting & Planning Academy held in Las Vegas. I recently shared some insights from the first day of the program. Day 2 was similarly eventful. Here are some highlights.... Read More...

Forecasting and Planning1 Comment 0

Are You Effectively Leveraging Point-of-Sale (POS) Data In Your Forecasting & Inventory Management?

Manikantan AryapadiSeptember 9, 2015

Today, we have an explosion of data. It is estimated that 2.5 quintillion bytes of data are created every day with 90% of the world’s data created in the past 2 years! The key question becomes what do we do with all this data? ... Read More...

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New Learnings from Day 1 of IBF's Business Forecasting & Planning Academy: An Attendee's Perspective

Jeff MeterskyAugust 25, 2015

Last week I had the opportunity to attend IBF’s Business Forecasting & Planning Academy held in Las Vegas. The two days were filled with fourteen educational sessions, three roundtable discussions, and multiple opportunities for connecting with p... Read More...

Forecasting and Planning0 Comments 0

How Many SKUs Can A Forecaster Manage? —IBF Research Report 14

adminAugust 3, 2015

It is difficult to arrive at one fixed number of SKUs that a forecaster can manage, because situations vary from industry to industry and company to company. There are several factors at play. It depends on how easy or difficult it is to fo... Read More...

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Passion & Spice Missing From Your S&OP Relationship?

Patrick BowerJune 25, 2015

Patrick Bower During a recent IBF conference in Chicago I was asked numerous times about how to make Sales & Operations Planning (S&OP) less boring. It is not the first time. This is a very common question. I suspect this is becomi... Read More...

Forecasting and Planning4 Comments 0