Too Big to Fail? Too small to save? Too Inefficient To Work With? Too Old School To Educate?
Policy makers hang on to the idea, or more like fear, that it is too risky to let big banks fail. There is a lot of talk and surmise that … Read More
Demand Forecasting, Sales Planning, Big Data Analytics & IBP
Policy makers hang on to the idea, or more like fear, that it is too risky to let big banks fail. There is a lot of talk and surmise that … Read More
In the demand forecasting tutorial in New Jersey, there was a key question on forecasting during a recession. Forecasting is relatively easier in a boom. As they say the Trend … Read More
summary of the demand forecasting workshop held in NJ October 22-23.
I have heard feedback from many business users and demand planners that SAP APO DP is complicated. Some think it is too rigid!! I have heard that it is too … Read More
The complexity and scale of the data and functionality actually drowns out the requirement for business process mapping and leveraging the functionality to meet the business needs. So the key … Read More
Alerts are important. But more important is an understanding of the business to set reasonable thresholds and the mathematical common sense to use relative measures for alerting.
Tracking signal is a measure used to evalue if the actual demand does not reflect the assumptions in the forecast about the level and perhaps trend in the demand profile. … Read More
The simplest approach to model promotions is through interventions. This is also called event modeling in the literature. We collect a list of events and classify into types of events … Read More
Why is it important to learn new techniques than banking on century old DOH measure? The Days of Supply is a thumb rule calculation used to manage inventory during the … Read More
We have now settled that MAPE or Mean Absolute Percent Error is the measure for forecast performance for a planner/Division at the end of the month. It is more popularly … Read More