Search Results for

bias

How To Gauge Forecastability

Andrew Schneider, ACPFMarch 20, 2018

“30% forecast accuracy? Seriously? What do I pay you for? I could flip a coin and get better results than this!” Yes, we hear this as demand planners. And yes, it hurts – deeply, personally, unjustly. It’s one of the most frustrating and demorali... Read More...

KPIs/MetricsNEWS1 Comment 3

BASF’s Best In Class Forecasting Process

Greg GorbosMarch 16, 2018

The BASF Group’s Intermediates division develops, produces and markets a comprehensive portfolio of about 700 products for coatings, plastics, pharmaceuticals, textiles, and more. Crucial to the success of this operation is Demand Planning and Foreca... Read More...

CollaborationForecasting and Planning0 Comments 1

How We Set Up Automated Statistical Forecasting At Nespresso

Sandro SaittaMarch 13, 2018

At Nespresso, we started the Collaborative Demand Planning (CDP) initiative two years ago, with the aim of forecasting Nespresso sales in a data-driven way. The goal of CDP is to reduce demand planning bias, minimize working capital and set up automa... Read More...

Advanced AnalyticsModels & Methods2 Comments 1

How To Use Forecast Value Added Analysis

Eric Wilson, ACPFFebruary 12, 2018

Forecast accuracy has always been measured, but now it is becoming a key performance indicator (KPI) for many supply chains. But are we measuring the right thing? Most companies use forecasting performance metrics, such as Mean Absolute Percent Error... Read More...

Forecasting and PlanningHow To GuidesKPIs/MetricsModels & Methods2 Comments 2

Director Of Product Management On Why Demand Planners Are Crucial For New Product Launch Success

Dustin LevyFebruary 6, 2018

Today’s markets have a greater number of new products than ever before. But where do the ideas for all of these new products come from? Usually from Sales, Marketing, and Product Development executives. But do these people know the impact a new produ... Read More...

CollaborationNew Product Forecasting0 Comments 0

Top Down And Bottom Up Forecasting, Are They Fit For Purpose?

Mariusz LesiewiczJanuary 30, 2018

What comes to mind when you think about the Demand Planning role? Sophisticated econometric models, highly analytical work, and number crunching? This was my first impression when I saw an advertisement for an internship in a Demand Planning departme... Read More...

Forecasting and PlanningModels & Methods1 Comment 1

iventory reduction by cutting forecast bias

Pat’s Quick Hits For Inventory Reduction Part 2

Patrick BowerJanuary 23, 2018

Last week we looked at cutting inventory through improving inventory quality (getting rid of obsolete or low value stock) and reclassifying mislabelled inventory. Once you’ve done those those 2 quick fixes, the next inventory cutting initiative is te... Read More...

demand planningModels & MethodsS&OPS&OP/IBPSupply Chain Management0 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

Image of warehouse. Inventory reduction.

Pat’s Quick Hits For Inventory Reduction: Part 1

Patrick BowerJanuary 18, 2018

In the first of this mini-series, Pat Bower of Combe Inc. reveals the quickest and easiest ways to reduce inventory. Detailing the preferred methods used by leading S&OP professionals and consultants, he discusses how to cut poor quality or obsol... Read More...

demand planningForecasting and PlanningS&OPSupply Chain0 Comments 0

SKU Rationalization – Finding The SKU Sweet Spot At Hershey’s

Mike GuerraJanuary 12, 2018

At Hershey’s, our entire Latin American portfolio suffered from a malaise that plagues countless other corporations – a portfolio that drastically exceeds the optimal number of SKUs. The result of this unfortunate situation? Unprofitable items, under... Read More...

demand planningModels & MethodsNEWSS&OP/IBP2 Comments 0