This past week the mighty LA Lakers, were swept by the Dallas Mavericks in four games. The Lakers had won two straight NBA titles and were favorites of many to three-peat. Immediately after the 4th loss, which turned out to be one of the five worst losses of series deciding games in the history...
Folks, we must constantly remind ourselves that “process” takes precedence over “technology” and technology should be designed to enable best practices. During the e-revolution many of the process best practices were first identified by those designing demand planning software. For example, the ability to identify exceptions to pre-defined rules in real-time and instantly issue...
Many firms have no strategy for dealing with unforecastables and some even pretend that all items are statistically forecastable. Statistical tests need to be used to identify those articles which cannot be forecasted with conventional techniques, such as intermittent demand and demand with high variances. For example, low volume and erratic demand may indicate...