A forecast is considered a good fit if it captures all patterns and trends, while excluding random noise.
Three ways to model new product releases for better forecasting, planning and performance
How supply chains can brace for uncertain futures by pushing range-based forecasts through the entire planning process
Vanguard Uses Artificial Intelligence to select the forecast method that is most likely to produce the lowest prediction error over the near-term horizon.
Heads-down planning is an oxymoron. Reviewing, tweaking, and micro-managing SKU-level forecast details is not strategic.
With AI capabilities automating more and more decisions and tasks in our personal lives, it can be a bit daunting to think of its expansion.
Process advisory firm Oliver Wight defines IBP as a best practice business process model that extends the principles of S&OP throughout the supply chain.
Demand forecast accuracy is the foundation of effective supply planning. Without it, all subsequent efforts to optimize plans and policies will miss the mark, no matter how well-executed.
How Interaction Between ERP and IBP Systems Can Improve Supply Chain Performance
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