Tools of the Trade: How “Forecastable” is Your Data? Complexity Exists Whether You Ignore It or Not

These “key tools” balance a need for simple with a need to handle the complexity of SCM – following the IBM adage – complexity exists whether you ignore it or not, best not to ignore it.

Pyramid Forecasting Process

One of the many ways to improve the forecast is to forecast using a pyramid process, starting at the base, then forecasts the subsequent levels moving upwards. The objective of using the pyramid forecast process is to use the less detailed portions of the pyramid to improve the base level forecast of the pyramid.

By |2021-10-26T22:18:53-04:00November 2nd, 2021|Demand Planning, Forecasting|0 Comments

Going Beyond Historical Data for Forecast Accuracy

Our focus in this blog series has been to establish forecast accuracy targets. In very general terms, the goal should be to add value to the business through the forecasting process. We have however focused on the forecast value add and using that to create a minimum acceptable forecast accuracy target in the previous blog. Now we will take that a step further and talk of ways of improving it.

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