We all know a strike, natural disaster, large scale power failure/ black out, major retail customer dropping you as a supplier, major competitor dropping out of the market, recall of a product due to contamination and more can have a major impact on your demand, for the worse and for the worse (yes, I... »
I always look forward to the IBF’s annual Consumer Products & Retail Forecasting Forum. It gives me a chance to validate the direction we are taking our own forecasting... »
What goes around comes around. Many years ago, when I was young, people in the Northeast and Midwest were upset because they were losing jobs to the South. Let’s... »
If you listen to the buzz about S&OP at an IBF Conference, you will hear a repeated theme. This seemingly endless refrain is recited by Planners, Vice Presidents, and... »
Folks, it is with great pleasure to welcome all of you to the IBF’s Blog! I don’t know why it has taken us so long to get here with... »
Statistical models are important, but they are not the be all and end all of forecasting. Forecasts can be further improved if: 1) Data is properly analyzed and treated before... »