How to Measure Forecast Errors in Intermittent Demand Forecasting
Stop using traditional forecast accuracy metrics to measure forecast for sporadic demand patterns. Use this method instead.
Challenges with Excel When Building a Demand Planning Process
Gartner estimates that by 2020, 60% of revenue in supply chain dependent industries will be driven by digital business.
Who Should Own the Demand Management Process?
Who should take ownership of the demand management process within the organization? Is it Sales and Marketing?
Top 10 Demand Planning Metrics You Should Have on Your Dashboard [Infographic]
Planned and actual sales are very different metrics. Here are 10 demand planning KPIs to help you prevent stocking issues before they happen.
How to Forecast Demand for New Products
Organizations need to regularly upgrade their products and launch new products to stay competitive and grow their businesses. However, a new product launch poses a totally new challenge – new product forecasting.
Thieves in the Temple – Errors in the Planning-Execution System
Here’s a quick look at how to identify and fix errors in planning execution systems.
Selecting the Appropriate Forecasting Method
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.
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.
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.
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.