Basics of the Value of S Curves and Market Adoption of a New Product
The S-curve is an indispensable tool for demand planning for new products or technology. Learn the steps to create the right model for your market growth.
How to Adjust Your Planning to Meet Changing Sales Patterns
In an ideal world, demand and supply would be steady and predictable, resulting in optimal capacity utilization and no back orders or missed customer orders. However, in the actual supply chain world variations in actual sales vs. projected sales result in lower forecast accuracy, and either overstocking or stock out situations.
We compared the Accuracy of 4 Different Demand Forecasting Methods; Here’s What We Found.
Over the past few months, we’ve been running simulation tests on different demand forecasting methods: Winter’s additive & multiplicative, seasonal and robust seasonal. Then, we used MAPE to determine the forecast accuracy for each method. Here’s what we found.
Demand Forecasting: The Art and Science That Keeps You Guessing
“It is said that the present is pregnant with the future” – Voltaire Forecasting, therefore, is an attempt to deduce the future from the present. It is both, art and science. We will explore the practice of forecasting demand in the short to medium term. Within the constraints of economic and technology trends, demand forecasting drives the planning process in most businesses.