Executive Summary A Confusing Problem with the Forecast Profile that Appears in the Univariate View The Issue with Changing Forecast Profile Assignments Introduction to DP Forecasting Profiles As discussed in previous articles, the Univariate View is where most interactive forecasting functionality resides. This is where changes to Forecast Profiles can be simulated. It is found…
Executive Summary We cover how to adjust Key Figures in Planning Books. There are problems with extra Key Figures. Several options are ranging from hiding Key Figures, removing Key Figures from the Planning Book, and removing Key Figures from the Planning Area. Introduction As the use of a system progresses, there are, in almost all…
Executive Summary We cover best-fit functionality in how it works and the implementation steps in best-fit. Why the best fit historical accuracy is lower than generally proposed. Video Introduction: How to Understand Best Fit Forecast Model Selection Text Introduction (Skip if You Watched the Video) Best fit forecasting is a procedure within most supply chain…
Executive Summary Reorder points have a poor reputation, and they are underused, but they are appropriate under certain circumstances. It is critical to understand how to reorder point contrasts with MRP or a non-forecast based planning versus forecast-based planning. Introduction MRP is a forecast-based planning method. Reorder points are a non-forecast or consumption-based planning method….
Executive Summary MRP and MRP II are very different from one another. We cover the difference between MRP II and what MRP II is today. Introduction These two terms are highly connected terms with MRP proceeding MRP II. Oliver Wight popularized MRP II in the mid-1980s. Oliver Wight was already well-established in MRP decades before…
Executive Summary This is an introduction to the economic order quantity formula. We analyze Ford W. Harris’ original economic order quantity paper. We cover using the economic order quantity in production planning systems. Introduction Economic order quantity (EOQ) is one of the oldest formulas in inventory management. EOQ was first developed by an unlikely person…
Executive Summary MAPE, or Mean Absolute Percentage Error, is a method of forecast error calculation that removes negatives from the equation. The MAPE calculation must be weighed to obtain a view of the actual forecast error in relation to the overall forecast database. Introduction (Skip if You Watched the Video) MAPE, or Mean Absolute Percentage…
Executive Summary We compiled the worst SAP recruiter list from our experiences in the contract market. Why the list was created and what is our criteria. Introduction to the Worst SAP Recruiters List It is no secret that that SAP space, as with most other technology spaces, is filled to the brim with dodgy SAP…
Executive Summary This is an introduction to the EOQ calculator or EOQ formula calculator. We cover how to calculate Economic Order Quantity. We cover the Economic Order Quantity Calculator, EOQ Formula Calculator, and a Quantity Discount Model. Video Introduction: EOQ Calculator or EOQ Formula Calculator Text Introduction (Skip if You Watched the Video) Economic order quantity…
Executive Summary This is an introduction to reorder points and how to use the reorder level vs. the reorder quantity. The Brightwork ROP calculator sets a dynamic reorder point. Introduction Reorder points have essential details concerning their implementation in systems. A reorder point or reorder point planning has a great deal of flexibility in its application….