forecasting

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

Ask Yourself These 10 Questions To Improve Your Forecasts

Tanya LoskutovaMay 3, 2018

It is essential to continuously revisit and modernize your demand forecasting processes so they adapt to current market realities. This article outlines the basic yet often overlooked steps that need to be followed to ensure that your forecasting pro... Read More...

Models & Methods0 Comments 1

Can You Forecast Better Than an 8 Year Old?

Eric Wilson, ACPFMarch 30, 2018

Can you forecast better than a first grader? I would hope so, and of course most of us can. After all, our experience with forecasting tools and methodology far exceed those of children, our brains bigger 's, and we have more life experience to help... Read More...

Forecasting and Planning0 Comments 1

How To Use Microsoft Azure

Nick CronshawJanuary 29, 2018

If, like me, you work in a small to medium sized enterprise where forecasting is still done with pen and paper, you’d be forgiven for thinking that Machine Learning is the exclusive preserve of big budget corporations. If you thought that, then get r... Read More...

Advanced AnalyticsHow To GuidesModels & MethodsPredictive Analytics1 Comment 0

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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

3 Cornerstones Of Successful S&OP Rollout

Matias JoryDecember 14, 2017

The average global company has 5 different S&OP processes, scattered across different regions and completely unintegrated. If yours is one of them, then congratulations! You have an opportunity to fix it and drive serious improvements in visibili... Read More...

Forecasting and PlanningModels & MethodsS&OP/IBP2 Comments 0

The Demand Planning Career, Is it a Curse or a Blessing?

Sylvia StarnesApril 17, 2017

If you have any knowledge of Demand Planning, I am sure that you have heard the following: “Demand Planners are like meteorologists, they rarely get credit for doing the job correctly and they’re only noticed when they get it wrong.” Even so, the bot... Read More...

Forecasting and Planning1 Comment 0

My Powerful Journey in Demand Planning – Hooked on Analytics

Richard GordonDecember 19, 2016

My career in forecasting has been challenging, at times frustrating, and above all immensely rewarding. This is my story of how I learnt to predict consumer trends, and revolutionize the fortunes of the companies I have worked for. It all started at... Read More...

Competencies/SkillsForecasting and Planning4 Comments 0

How I Got into Demand Planning & Forecasting and Went from Novice to Knowledge!

Scott RoyOctober 26, 2016

Scott Roy Starting My Career In Demand Planning A few years ago I found myself reviewing an Institute of Business Forecasting & Planning - IBF presentation that I was going to give the next day when I realized that I had used the word knowledg... Read More...

Forecasting and Planning4 Comments 0

Where Should We Place the Forecasting Function?

Dr. Chaman L. JainAugust 10, 2016

Chaman L. Jain, Ph.D No matter where you place the forecasting function, you will have a bias in forecasts unless you create an independent department. Production people tend to over-forecast because it gives them fewer headaches resulting from o... Read More...

Forecasting and Planning42 Comments 1