For those of you on LinkedIn, be sure to sign up for the Institute of Business Forecasting and Planning discussion group. This is an active (and addictive) forum for sharing information and perspectives on a wide variety of forecasting & planning topics. The following question was posted by Reno DiGenova, the VP – Replenishment,...
Motivational speaker Lou Tice called it a “Scotoma”—an area of partial alteration to one’s field of vision. Allstate Insurance represents something similar in one of it’s television commercials featuring a man by the name of “Mayhem”. In this particular ad we see Mayhem clinging to the side of an unsuspecting woman’s SUV claiming to...
How often have you heard these words during a meeting in your office? “Say what? Forecast for an unplanned event? Isn’t that like buying flood insurance in Phoenix? Regardless of whether or not we choose to plan for them, catastrophes happen. However planning ahead can mean the difference between success and failure when these...
“So, even a well thought-out forecasting process can be wasteful if it is not done properly.” This was a remark made by one of the attendees who came to hear my “Lean Forecasting & Planning” presentation at IBF’s recent Business Forecasting & Planning Academy @ 2 Levels. This declaration was also one of the...
After attending the APICS/IBF Best of the Best S&OP conference I came back with a sense of eagerness and ambition to implement what I had learned over the two days I had spent at the conference filled with information. The sessions that I attended included presentations from Motorola, BASF, Rolls-Royce Energy, Rubbermaid, Timberland, &...
Thank you IBF and APICS for organizing a very successful Best of the Best S&OP Conference. Our company is in the early stages of formalizing our S&OP process. The presenters shared many great ideas that we will be able to use as we begin our S&OP journey. I would like to take this opportunity...
This was the first APICS/IBF Best of the Best S&OP conference that I have attended. . It was a great experience to learn from some of the top companies in the world as the guest speakers share their journey to implementing S&OP throughout their organization. One key lesson learning & takeaway for me was...
We are a medium sized privately held business that has a large ERP, but probably hasn’t invested into its processes and user reporting as much as we should. In my 6 years with the company, I started as the Controller, and then moved to Director of our retail stores/internet operation, and now I fill...
Although our company is considered to be ahead of many companies where our S&OP Process is concerned, I am what might be considered to be a “newbie” in the S&OP arena. I began my journey working in Demand Planning (unfortunately we did not use S&OP then) and now work in supply planning, My direct...
The Executive S&OP Meeting is the culminating meeting in the S&OP process that is often preceded by a Portfolio Review, Demand Consensus, Supply Consensus, and Pre-S&OP meetings. It’s the S&OP meeting, led by the company’s, or business unit’s senior executive. The Executive S&OP Meeting is also where the management team: Confirms the summary level...