Daily Archives: April 7, 2010

Yokohama Tire Canada: Forecast Accuracy and the Cost of Being Right

April 7, 2010
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Yokohama Tire Canada: Forecast Accuracy and the Cost of Being Right

Demand planning and forecasting is a process which, because of its intrinsic focus on “error”, too often invites misguided efforts at producing perfection.  Like the alchemists’ quest for gold, the goal is illusory and may cost more than any benefit it yields.  Consider that the result of demand planning is only profitable to the...

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