There is value in reducing forecast error for sure - the evidence comes from the fact that year-after-year companies continue to hire more demand planners and invest millions of dollars in putting together processes and software packages. Now to dissect this, let us look at the Service-Cost Balance model that we preach in our workshops. Now if we want to quantify the benefits from forecast accuracy, it is difficult to quantify the first item. What is our lost sales? What …
Category: Demand Planning
As we are about to ring in the New Year, here is a moment to contemplate on what we have seen in 2012 and what looks like in 2013. It …
Generally Nulls can never be treated as zeroes. They are different things. Nulls mean nothing, the absence of anything. Nulls mean no data or no observation. If you average a …
Is there a single KPI for the entire organization? Possibly, two metrics qualify as good KPIs. 1. Net Profit = Total Income minus all Expenses. This is a Dollar number …
We just re-launched the marketing campaign for our Usability Consulting - Model tuning and model matching to product profiles are important elements of the Usability training. Once implemented the Usability …
