The ‘Secret Sauce’ to Improving Demand Planning

How do you get the sense of what works for demand planning? Market volatilities including changes in the weather can affect any business at any given time. As such, businesses cannot rely on their history alone without considering the full picture of possible market changes. When these changes occur, businesses should be ready to adapt without causing a disruption in existing business processes. So how to do you get to the point where you get a sense of what works when it comes to demand planning?

By |2025-12-17T22:04:50-05:00March 22nd, 2017|Demand Planning|

What-if Wednesday: Forecast Simulation – Changing The Beta Parameter in a Forecasting Method

In our previous blog, we experimented with Alpha - the intercept parameter of the Holt-Winters method - to see how the forecast gets affected as the weight changes. This week we are going to run similar tests with Beta, the trend parameter. Learn how you can use your recent sales trends to improve future forecasts.

By |2019-04-13T23:09:32-04:00February 15th, 2017|Forecasting, What-if Wednesday|

What-if Wednesday: Forecast Simulation – What Happens if You Change The Alpha Parameter in a Forecasting Method?

From time to time, clients ask me about the effect of changing a parameter of a forecasting method. Recently, I got the idea of creating a series of blog posts where I would simulate the results of tweaking these parameters. Join me as we unpack a couple simple ways to improve your forecasts.

By |2019-04-13T23:09:33-04:00February 1st, 2017|Forecasting, What-if Wednesday|

A New Year Resolution for Supply Chain Planners: Stop Firefighting

2017 Supply chain productivity and prioritization tips for supply chain planners.  Every morning, a supply chain planner must make this decision; “what should I work on today?” In a supply chain of any reasonable complexity, this question can easily be answered with the corresponding fire of the day. On any given day, a supply chain

By |2026-01-07T10:06:22-05:00January 10th, 2017|Demand Planning, Supply Chain, Supply Planning|

[Simulation Results] How Does a Change in Demand From a One-Time Event Impact Future Forecast?

Last week I wrote about the potential benefits in forecasting results based on removing outliers from one-time events. A key question that came up because of that post was this: How long does a change in demand as a result of an event (whether up or down) impact forecasts in the future? Rather than theorize

By |2019-04-13T23:09:39-04:00December 21st, 2016|Demand Planning, Forecasting|
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