forecast error

LEANing Into a Better Forecast

John GallucciAugust 24, 2011

“So, even a well thought-out forecasting process can be wasteful if it is not done properly.” This was a remark made by one of the attendees who came to hear my “Lean Forecasting & Planning” presentation at IBF’s recent Business Forecasting &am... Read More...

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Is Massaging Data Pushing the Passion out of our S&OP Process?

Rohit ParangathJuly 22, 2011

After attending the APICS/IBF Best of the Best S&OP conference I came back with a sense of eagerness and ambition to implement what I had learned over the two days I had spent at the conference filled with information. The sessions that I atte... Read More...

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What I Brought Back to the Office From the Best of the Best S&OP Conference

Matt TrederJuly 13, 2011

Thank you IBF and APICS for organizing a very successful Best of the Best S&OP Conference. Our company is in the early stages of formalizing our S&OP process. The presenters shared many great ideas that we will be able to use as we begin o... Read More...

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Best of the Best S&OP Conference – Learning’s and Application

Edward RodriguezJuly 8, 2011

We are a medium sized privately held business that has a large ERP, but probably hasn’t invested into its processes and user reporting as much as we should. In my 6 years with the company, I started as the Controller, and then moved to Director of... Read More...

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What’s in it For Me if I Help You Prepare an Accurate Forecast?

Anish JainMay 20, 2011

Taking a 7 hour flight from New York to Heathrow, and then dragging yourself down to Central London can be a brutal commute. But, on this day, there were no strenuous travel plans that were going to distract me from my excitement for IBF’s first ... Read More...

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Why Integrate Cash Flow Forecasting in the Sales & Operations Planning (S&OP) Process?

Melissa TakasMay 13, 2011

Tom Wallace and I are currently collaborating on a portion of his new book. According to Tom, the book is titled Sales & Operations Planning: Beyond the Basics and according to Tom, “will focus on innovative enhancements to the basic S&OP s... Read More...

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Resolving Conflict & Building Consensus in the Monthly S&OP Process

Alan Milliken CPFMay 12, 2011

This past week the mighty LA Lakers, were swept by the Dallas Mavericks in four games. The Lakers had won two straight NBA titles and were favorites of many to three-peat. Immediately after the 4th loss, which turned out to be one of the five wor... Read More...

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Transforming the Supply Chain with Forecasting and Demand Planning at Electrocomponents plc

Andrew LewisApril 14, 2011

The Background… Throughout a financially turbulent 2009, the Supply Chain at Electrocomponents plc needed to better integrate into the business and become more intelligent, agile and effective. Just two years into our long-term ... Read More...

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The Perfect Forecast and the Cost of Error: Radio Shack's Experience

Jack HarwellApril 11, 2011

Forecasting & Planning Professionals strive to reduce error in their work. For all this effort, what is the reward? When asked what the cost of forecast error is, most discussions turn to the consequential impact of inaccurate forecasts. Con... Read More...

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Proof Positive, Sticking to the Basics in Forecasting and Planning Works

Lora CecereMarch 17, 2011

Trading Places The storyline is an old one. It was the theme of the 1983 American comedy titled Trading Places starring Dan Aykroyd and Eddie Murphy. You may remember it; It is one of my favorite funny movies in which an upper class commodities b... Read More...

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