Illusively Complex – Effective Approach to Mixing Judgment and Statistics in Forecasting
In 1994, the IBM Micro-electronics Division, itself a fortune 100 size firm, put in place a major effort to create...
Tags: Demand Planning
Using Coefficient of Variation as a Guide for Safety Stocks
In one of my previous posts, I wrote about using coefficient of variation (CV) as a predictor of forecastability. In...
How To Measure BIAS In Forecast
I spent some time discussing MAPE and WMAPE in prior posts. In this post, I will discuss Forecast BIAS. Forecast BIAS can...
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- July 21st, 2015
How to Report Forecast Accuracy to Management
In our line of work at Arkieva, when we ask this question of business folks: What is your forecast accuracy?...
15 Questions to Ask When Collaborating with Marketing and Product Managers
Extending sales and operations collaboration requires a clear articulation of business rules and information transfers. As a result, knowing exactly...
Let’s Talk – Demand Planner to Account Executive
In our last post, Sujit discussed the importance of gathering input from participants as a way to mitigate biases. In...
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