Selecting the Appropriate Types Forecasting Methods

Selecting the right forecasting methods can be highly critical in how accurate your forecasts are. Unfortunately, there isn’t a golden ticket to forecasting which can essentially ensure accuracy. While the best-fit forecasting method is dependent on a business’ specific situation, understanding the types of forecasting methods can aid in your decision-making.

By | November 27th, 2018|Demand Planning, Forecasting|0 Comments

Demand Forecasting Analytical Methods: Fit Vs. Predict

How to determine when to use a best-fit analysis and when to use prediction techniques for demand forecasting analysis.

By | October 10th, 2018|Demand Planning, Forecasting|0 Comments

Why is Demand Forecasting important for effective Supply Chain Management?

Demand forecasting forms an essential component of the supply chain process. It’s the driver for almost all supply chain related decisions. While demand forecasting is undeniably important, it’s also one of the most difficult aspects of supply chain planning.

By | September 18th, 2018|Demand Planning, Forecasting|0 Comments

Using Demand Planning Statistical Models to Enhance Your Sales Forecasts

How to use demand planning statistical models to enhance the value of your sales input during the forecasting process. 

By | September 5th, 2018|Demand Planning, Forecasting|0 Comments

Outgrowing Excel? Here’s How to Create a Centralized Demand Planning Process

Demand Planning directly affects the business financial plan, pricing, capex decisions, customer segmentation and resource allocation. Considering the criticality and implication of this process, Demand Planners and Managers need to continually evaluate their current Demand Planning process and ensure that the Demand Plan generated is holistic, relevant and timely.

By | August 14th, 2018|Demand Planning, Forecasting|0 Comments

Everything You Need to Know About Demand Forecasting

What is Demand Forecasting? Demand Forecasting is the process in which the historical sales data is used to develop an estimate of expected forecast of customer demand.

By | July 17th, 2018|Demand Planning, Forecasting, Uncategorized|0 Comments

How to Build a Collaborative Global Demand Planning Process

How global businesses can build a collaborative demand planning process

By | June 26th, 2018|Demand Planning, Forecasting|0 Comments

Which Statistical Forecasting Methods Should I Use?

Here are some guidelines on selecting the right statistical forecasting methods for your business.

By | May 3rd, 2018|Forecasting|0 Comments

What is Statistical Forecasting? A snowfall-based explanation

During the last storm, I was watching the snow plows go to work and thinking about the amount of planning that must go into the resources needed to deal with the snow - what with salt, and plows needed. That must be a whole supply chain.

By | April 13th, 2018|Forecasting|0 Comments

Do Returns Impact My Forecast Error Calculation Negatively?

Should you factor returns in your forecast error calculation? In this article, we’ll use a sample data set, to demonstrate if you should consider returns when calculating your forecast errors.

By | April 6th, 2018|Forecasting|2 Comments

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