Tweet Teamwork, collaboration, transparency and increased profitability. Sounds like some Disney Magic, right? Well based on the experiences shared from the panel at the Institute of Business Forecasting & Planning’s kickoff event on Sunday dubbed the ‘Advanced S&OP Practices Forum’ it’s in fact real and achievable. The panel, which was an opening to IBF’s Supply…
Tweet How many times have you heard your Forecast Accuracy is too low and it must improve? Then you think, “It is a forecast!! If I could predict it to 100%, I’d have gone to Vegas and be retired now.” Well, we may not be able to help out your early-retirement plan that comes from…
Tweet When the Institute of Business Forecasting & Planning (IBF) was formed, I was still in diapers. Around the same time that Dr. Jain had the novel idea of bringing business practitioners together to learn and grow together I was only crawling over my father’s journal article notes. I didn’t know it at the time,…
Tweet One of the interesting things about forecasting finished goods is how many functions participate in the development of the forecast and are subsequently impacted by the results. In a typical S&OP and consensus forecasting process, Sales, Operations and Planning collaborate to reach a best forecast to drive the operations and profit forecast for the…
Tweet I’m sure that all of us have played the Telephone Game at one time or another. One person starts a message that travels through several people and then we all have a good laugh over how much that message changed by the time it got to the last person. As funny as that can…
Tweet Why don’t you have these in stock? Why do you have so many of these in the warehouse? Why is your fill so low? Do these questions seem familiar coming from members of your management team or your customers? Of course they do! They are constantly asked throughout the year as we all try…
Tweet 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…
Tweet As I sit here on an airplane traveling home from the APICS/IBF Best of the Best S&OP Conference (BOTB), I find myself reviewing my notes and writing this entry. As I overlook Detroit through my window I think about the words I am writing as I jot them down, and can’t help to feel…
Tweet A big treat in attending a conference is not only learning from attendees, but also having the benefit of one-stop shopping when it comes to vendors in the exhibit hall. These vendors travel across the country, often times lugging huge displays, screens, white papers and swag to meet with current and potential clients and…
Tweet When you come to a conference, all you want is to talk to as many people as you can so you can learn what everyone else is doing and learn from them. Speaking with one attendee, they shared how in their group, there is only four demand planners, spread across the globe. The benefit…
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