PinnedDemand Planners RulebookWhat should demand planners do and not do? First, we emphasize critical practices for demand planning (viewing forecasting as an…Jul 22, 2024A response icon1Jul 22, 2024A response icon1
PinnedPublished inTDS ArchiveForecast 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, 2019A response icon8Jul 5, 2019A response icon8
Retail Demand Forecasting: Reducing the Error by 33%SupChains delivered a proof of concept (POC) for an international grocery retailer, operating thousands of stores. The model leverages data…3d ago3d ago
Forecasting Sales for Make-to-Order Products: A Case Study with a German ManufacturerSupChains delivered a forecasting model to a German manufacturer, leveraging future orders as a key demand driver. Compared to statistical…Jun 2A response icon5Jun 2A response icon5
Case Study: Forecasting Sales using Promotions, Sellouts, Prices, and InventorySupChains delivered a forecasting model to Animalcare Group, an international veterinary pharmaceutical manufacturer and distributor based…Apr 28A response icon1Apr 28A response icon1
VN1 Forecasting Competition — What I Learned from the Best ForecastersI had the pleasure to host the VN1 Forecasting Competition from September to October 2024, with around 250 participants (or teams) actively…Jan 24A response icon8Jan 24A response icon8
How to set Forecasting Accuracy TargetsHow should supply chain leaders set forecasting accuracy targets? In this article, I first review three techniques to set targets (industry…Sep 2, 2024A response icon1Sep 2, 2024A response icon1
Supply 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
How 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
Stop Using Segmented ForecastingWith advancements in technology and data analytics, demand forecasting is experiencing a significant transformation. The traditional…Jul 17, 2023A response icon2Jul 17, 2023A response icon2