predictive analytics Archives

The 6 Models Used In Forecasting Algorithms

Eric Wilson, CPFApril 22, 2019

An algorithm is a procedure or formula for solving a problem, based on conducting a sequence of finite operations or specified actions. Generally speaking, when most people talk about algorithms, they’re talking about a mathematical formula or someth... Read More...

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5 Ways To Win Executive Support For Predictive Analytics

Eric Wilson, CPFMarch 11, 2019

Even though you know why predictive analytics is important to your organization, others may not. Some people in your company don’t understand it yet. That’s OK. But you need to get your executives onboard and buy in to the idea. Here the 5 steps that... Read More...

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What Is Predictive Analytics?

Eric Wilson, CPFFebruary 11, 2019

As a discipline, predictive analytics has been around for many decades and has been a hot topic in academia for many years. Its application in the field of demand planning, though, is still relatively untapped. Its effective uses in business are more... Read More...

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10 Real Life Predictive Business Analytics Examples

Eric Wilson, CPFJanuary 28, 2019

Predictive analytics can help us estimate how many units we will sell of the product, but that’s not the only thing predictive analytics tells us about. Business forecasting and predictive analytics can also be used for insights into relationships so... Read More...

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The 4 Phases Of Predictive Analytics From Start To Finish

Eric Wilson, CPFOctober 10, 2018

Predictive Analysis is a process of collecting, transforming, cleaning, and modeling data with the goal of gaining consensus of a future forecast. This provides the required insights for making informed decisions. This process consists of the followi... Read More...

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How Starbucks Uses Predictive Analytics And Your Loyalty Card Data

Eric Wilson, CPFMay 29, 2018

In the era of Big Data and growing competition, it's no longer enough that Starbucks baristas know you like a tall skinny vanilla latte. The iconic Seattle coffee brand is relying on Demand Planners and Data Scientists behind the scenes to increase m... Read More...

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Predictive Analytics: Real Life Use Cases

Gregory L. SchlegelMarch 29, 2018

Since 2011, I’ve been teaching Supply Chain Risk Management at Lehigh University. Developing a new MBA class in Supply Chain Risk for our supply chain MBA students gave us the opportunity to explore the landscape of Supply Chain disruptions and the s... Read More...

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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...

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

Chaman 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...

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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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