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

How Does My Open Order History Impact My Sales Prediction?

An open order is defined as an order placed by the customer which is under process and is yet to be fulfilled by the supplier. For effective analysis, open order data needs to be recorded daily in an ERP system. A minimum of twelve to eighteen months of open order history is required for your sales forecasting analysis and fine-tuning process. A shorter period could render unreliable and skew the results of your data analysis.

By | March 2nd, 2018|Demand Planning, Forecasting|0 Comments

6 Ways You Can Improve Forecast Accuracy with Demand Sensing

Demand sensing helps us identify the actual customer order trends and helps us improve the near-term forecast. Strategic actions like demand shaping for knowingly increasing or decreasing the demand for the product can be undertaken by sensing demand signals.

By | January 25th, 2018|Demand Planning, Demand Sensing, Forecasting|0 Comments

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