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The Buzz on Demand Planning & Forecasting Software
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... »
Grab Your Data and Come Speed Date with Me
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... »
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... »
Rockin’ the S&OP Process at Fender Musical Instruments Corporation
Monday, 8:05am: your boss calls you into his office and says, “I just got back from the Supply Chain Forecasting & Planning Conference. We need to start a S&OP process!” He hands you a 9 inch thick textbook and barks “get it going!!.” So you dutifully read the textbook, gather your team, collate the... »
IBF Webinar Q&A: What Management Must Know About Forecasting
Below details Questions & Answers from IBF’s Webinar “What Management Must Know About Forecasting.” If you missed it, no worries. You can view it complimentary by clicking HERE. 1. If a product is not forecastable, what’s the most appropriate step to move the product to become forecastable? Answer: The most effective way to improve... »
Falling Asleep at Your S&OP Meeting?
I remember the day very clearly when I read Donald J Wheeler’s book “Understanding Variation – The Key to Managing Chaos.” What grabbed my attention was the sterility of the traditional monthly report and, furthermore, the potential for it to be truly misleading. Let’s consider what is usually provided to managers prior to and,... »
Building Demand Forecasting Models for ATM Machines & the Time Value of Money Risk
The “time value of money” is at stake when you are trying to forecast demand at ATM machines and of course, customer satisfaction. Trying to get the right amount of cash for pay day and holidays requires some pretty complicated models to get this right. The reality is that these methods and approaches of... »
Understanding Intermittent Demand Forecasting Solutions
When a customer calls for that product item that almost no one ever asks for, do you have it? If your answer is no, it could cost you a sale, or even a customer. Equally important, if that item is only occasionally requested, do you have too many units of the product on-hand to... »