Tags: Forecasting

We are excited to announce that we are rebranding Arkieva to fuel growth, strengthen our position in the market, and continue to be a recognized leader in the supply chain industry. Over the past few years, we have been relentlessly focused on solving the most complex planning challenges through simple, intuitive, end-to-end solutions leveraging our best-in-class data scientists, software developers, and supply chain optimization consultants.

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.

In a previous blog post, we discussed how a high or low value of Coefficient of Variation (CV) impacts the first or second term of safety stock. Today we decided to put this to the test using real customer data - here we will discuss our findings.

In the previous What-if Wednesday previous posts, we experimented with the three parameters of Holt-Winters method, namely; alpha, beta, and gamma. This week we are going to run some tests with the damping factor.

Seasonality forecast simulation: what is the effect of changing the gamma parameter in Holt-Winters forecasting method?

In 1994, the IBM Micro-electronics Division, itself a fortune 100 size firm, put in place a major effort to create...

In one of my previous posts, I wrote about using coefficient of variation (CV) as a predictor of forecastability. In...

Key Point: Coefficient of Variation is not a perfect measure of forecastability. However, if used properly, it can add value...

You have a favorite forecast accuracy metric(s) you’ve been practicing within the organization for a while, and now you think...

I spent some time discussing MAPE and WMAPE in prior posts. In this post, I will discuss Forecast BIAS. Forecast BIAS can...

In our line of work at Arkieva, when we ask this question of business folks: What is your forecast accuracy?...

Key Points on MAPE: Mean Absolute Percent Error (MAPE) is a useful measure of forecast accuracy and should be used...