Demand Segmentation and Forecastability Analysis
We segment you…………
Forecast Reconciliation and Proportional Forecasting – My e-book On Amazon.com
First e-book on forecast reconciliation and proportional forecasting released through Amazon.com.
Silver Bullets To Tackle The Intermittent Demand Problem
The first step to handle intermittent demand should not be looking for a magical statistical model to solve our problems. We should question the reasons for intermittent demand and come up with a business angle to formulate solutions. These may include integrated demand-supply strategies as well as sales intelligence on customer ordering patterns. Applying Croston’s models and discrete distribution models should be the last resort to address intermittent demand problems.
The Use of The NORMSINV Function In Safety Stock Calculations
There was a question on Linked in about the use of the NORMSINV function in Excel. Initially the poster mentioned the NORMSDIST function. But for safety stock purposes, you … Read More
Is Statistical Modeling an After thought?
I have been preaching Usability for the past few years.
Put together fine tools – But help the users in making the transition to the tool – give them better understanding – Make the new tool more usable!
Give them the reports they need. Provide them an exception based workflow!
APO has good statistical models. They will help you move the peanut forward but only if they are understood and leveraged.
We just re-launched the marketing campaign for our Usability Consulting. Model tuning and model matching to product profiles are important elements of the Usability training.
Once implemented the Usability project will harmonize the use of models across planners from various geographies for the same business/product family. There will be streamlined work flow.
Slow Moving, Short History and Intermittently Demanded Products – How To Forecast?
Every time we come across a slow moving item, we have to spend quite a bit of time analyzing the different factors to come up with a forecasting strategy that … Read More
Automatic Outlier Detection – Blessing or Curse?
One of the puzzled questions that Demand Planners ask in our training workshops is why their software produces a flat forecast 90% of the time. An expensive software that took … Read More
Moving The ROC To Forecast…….
Start with the forecast first and make plans and contingencies for the extent of the error. Improve on the forecast by quizzing, dialoguing, negotiating and working with the ROC. This should be well emphasized in the basics of supply chain management.
Join hands together to move the ROC to make a better demand plan!
Questions On Demand Planning Training Workshop in India
In response to our workshop announcement, we have received several emails with number of questions. Given that we have only experienced the tip of the iceberg when it comes to … Read More
Draper Team Aims to Improve Predictions Through SPADE 10/05/2011
Press Release from Draper Laboratories CAMBRIDGE, MA – Draper Laboratory is leading a team that aims to improve long-term intelligence predictions through software that weights most heavily forecasts from analysts … Read More