PinnedNicolas VandeputinTowards Data ScienceForecast KPI: RMSE, MAE, MAPE & BiasThe article below is an extract from my book Data Science for Supply Chain Forecast, available here. You can find my other articles here:Jul 5, 20198Jul 5, 20198
Nicolas VandeputSupply Chain KPIs: When Incentives and Bonuses Are ToxicTracking KPIs is essential to manage supply chains, but incentivizing individuals based on metrics can backfire. This article provides…Oct 11, 2023Oct 11, 2023
Nicolas VandeputHow to Select Supply Chain KPIsThis article explores the risks of using inadequate KPIs for supply chain management. Starting with stories from the trenches, we structure…Oct 5, 2023Oct 5, 2023
Nicolas VandeputStop Using Segmented ForecastingWith advancements in technology and data analytics, demand forecasting is experiencing a significant transformation. The traditional…Jul 17, 20232Jul 17, 20232
Nicolas VandeputOutlier Detection and CorrectionThis article is a comprehensive guide to managing sales outliers. It begins by dissecting the root causes of outliers in sales order data…Jul 5, 2023Jul 5, 2023
Nicolas VandeputHow to Forecast Intermittent ProductsThis article explores one of the most challenging problems in supply chain management: forecasting intermittent demand. We first delve into…Jun 29, 20232Jun 29, 20232
Nicolas VandeputHow to Reduce Your Forecasting Error by 35%This article presents a clear step-by-step approach to reducing your forecasting by up to 35%: collect and clean your data, use machine…Jun 7, 2023Jun 7, 2023
Nicolas VandeputHow to Forecast New Products: Challenges and SolutionsThis article tackles the challenge of forecasting new products. First, we divide product introductions into three cases: new version, line…May 24, 2023May 24, 2023
Nicolas VandeputSupply Chain Strategy and S&OPDeveloping a supply chain strategy supporting the company’s objectives is a prerequisite for effective S&OP. This article discusses how to…May 4, 20231May 4, 20231
Nicolas VandeputWhat’s the Business Impact of 10% Extra Forecast Accuracy?How much savings will we achieve if we improve forecasting accuracy by 10%?Apr 24, 20231Apr 24, 20231