EDA: How Data Analysis Becomes a Necessary First Step for Big Data and Predictive Analytics Modeling
When a multidisciplinary research study group at Princeton University undertook a study of the paired uses of electricity and gas in townhouses, it contacted the residents of Twin Rivers, a […]Read more ›
The Demand Planner’s Dilemma: Is a Forecast Just a Number or Something More?
Tens of thousands of years ago, if you asked a group of tribe members and community leaders to raise their right hand if they believed the earth was flat, all […]Read more ›
How Business-Cycle Data Analysis Can Lead to More Insightful Forecasts of Upcoming Economic Downturns
In a previous article on improving-data-quality-through-exploration, I show how Tukey’s exploratory data analysis (EDA) offers an opportunity towards a smarter demand forecasting process. I will now focus on how business […]Read more ›
Data Quality Matters: Are Your Demand Planners and Forecasters Adequately Prepared?
The quality of historical data will be enhanced if we make the effort to clearly identify key demand patterns in time series. It should not be assumed that once a key […]Read more ›
How Smarter Forecasting Changes the Way We Deal With Data, Methods and Uncertainty in the Supply Chain
Getting them to take a different path, a new path. The question is, are we talking to the elephant or the rider? As demand forecasters we must strive to induce […]Read more ›
How Consumer Habit and Where Consumers Live Drive the e-Commerce Demand Forecast
As an example of e-commerce demand forecasting, consider the market for selling books online, like my latest book Change&Chance Embraced: Achieving Agility with Smarter Forecasting in the Supply Chain, from which […]Read more ›
Do You Need to Get Smarter at Forecasting on Your Job?
Become current in forecasting best practices with the latest CPDF Workshop Manual for Smarter Forecasting and Planning. The updated CPDF Smarter Forecasting and Planning Workshop Manual is available for you and your colleagues […]Read more ›
WHY Demand Forecasting Is So Important to Supply Chain Professionals and Managers
When I was developing Forecast Decision Support Solutions for corporate clients, I learned the importance of what poor forecasts meant to downstream users in the Supply Chain: Executive managers, logistics […]Read more ›
Are Your Demand Managers Organized to Manage Demand Forecasting in the Modern Consumer Data-Driven Supply Chain?
In the traditional ‘push’ supply chain (Sell What You Can Make), forecasting tends to follow someone’s plan. In a modern ‘pull’ supply chain (Make What You Can Sell), demand forecasting […]Read more ›
Achieving Agility Through Smarter Forecasting in the Supply Chain
In the book Mastering Agility -Successfully-Navigating-Uncertainty, authors Hans Amell and Kurt Larsson remind us of the many destabilizing forces that create the perfect storm that decimate businesses worldwide. In short, they tell us “it is high […]Read more ›