One of the key skills of a demand planner is knowledge of predictive statistics or estimation. As we know, there are four properties of a good estimator as mentioned below. In this article we shall explore these properties as applicable to demand planners as well. Learn more
When a demand planner thinks about Forecasting, the first thing that comes to mind is data. It is a common question by the planners about ‘how much data is required for forecasting’. Read more
Coming from a cricket-loving nation, we thought of attempting the analogy of the concept to this gentleman’s game that needs great deal of collaboration between players of different competencies. Read more
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The function of planning and forecasting goes back a long way and has mentions as an ancient practice in religious and historical texts. Like all
There is an old expression that is ubiquitous in human activities that involve the use of input data to create actionable information. That expression is:
Arguably, SKUs with Intermittent Demand are some of the most challenging to forecast with any modicum of accuracy. We generally define Intermittent Demand as follows:
As a consequence of being in a forecasting consultancy we have picked up an in-depth understanding of the planning and forecasting functions of the firms.
Regression is one of the highly spoken about quantitiative methods in forecasting. It is a statistical method of identifying relationship between two or more variables
How to Analyse Variations in Forecast vs. Actuals to Improve Forecasts. The job of demand planners is not over by generating forecast numbers. In order
