Global Supply Chain Challenges 2023 – Preparing For The Storm
There are major headwinds facing global supply chains heading into 2023. Are you ready and prepared for the storm?Here is a summary of the major threats that we need to … Read More
Category: Forecasting
If You Were Heading Up A Supply Chain Org, What Will be your Overarching Objective And Why?
In this context, we should re-examine the over-arching objective of a supply-chain.
I had posted a poll on what should this be on Linked-in asking which one of the following should be the key objective?
Improve demand forecast accuracy for better visibility
Increase Customer order fill rates and improve customer service
Improve in-stock levels at your customer to minimize supply disruptions
Minimize your DC inventory
Good Tidings From The Peak – Summary From Our Modeled Results
All Models are wrong while some are useful. The most useful models are the ones that work with limited and imperfect data and at a time of crisis when unbiased … Read More
Demand Consensus During Crisis – What Does It Mean For Demand Planning To Put On a Firefighter hat?
All stakeholders are under pressure and double-booked to understand the impact of COVID-19 on their demand planning. Everyone is on their toes and trying to prepare multiple what-if scenarios for … Read More
Covid – 19 OR Novel Corona Virus Peak Occurence By Country
As I have written before, we were able to estimate Covid19 peak occurrence by country and by state for some US States based on available data that are being archived … Read More
Modeling The Covid-19 And It’s Global Invasion
Covid-19 Epidemic The World has entered an unusual period in modern times – a large scale epidemic that is spreading like wildfire across the globe and leaving economies in shambles … Read More
From The Worldometers.Info Website, Here Is The Latest Virus Tracker
Total reported cases are 90K as of this morning. Out of which more than half of those infected have recovered completely. About three thousand died or about 3.4% of the … Read More
WMAPE: The Denominator Debate
The denominator for WMAPE is passionately argued by many- should it be actual demand or forecasted demand? For starters, if the forecast error is small the denominator does not matter … Read More
Statistical Models In IBP vs. SAP SCM (Formerly APO)
Demand Planning LLC has done some extensive research on modeling capabilities in the IBP Demand solution launched by SAP. And we are the leading authority on Model Tuning and Optimization in … Read More
Is WMAPE Over-Rated As An Organizational KPI?
Many are taking shots at the very thought of measuring Forecasts itself leave alone with WMAPE. And some are taking shots at the discipline of Forecasting itself. If forecasting is … Read More