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How to Understand Consensus Forecasting Methods vs Statistical Forecasting Methods

How to Understand Consensus Forecasting Methods vs Statistical Forecasting Methods

Executive Summary The statistical forecasting is typically combined with judgment methods produced by sales and marketing to arrive at a consensus forecast. We compare these different forecasting approaches. Introduction to Consensus Forecasting There are three categories of obtaining forecast information from different people who apply to supply chain forecasting: Consensus forecasting Manual overrides to statistical…

Creating a Predictive Market Demo With Inkling Markets

Executive Summary What are Predictive Markets? The basics of Predictive Markets and supply chain forecasting. <br ” />What Are Predictive Markets? Predictive markets cover the study of obtaining information from many individuals that result in a better future forecast than any one individual. They come to supply chain from finance and are based on many…

How to Best Understand the Frozen Planning Period

Executive Summary The frozen planning period is an interval of time in the planning horizon during which a company does not change its supply plan for a product, regardless of events or changes that occur. What is the Frozen Planning Period? I am sometimes asked to describe the frozen planning period and the benefits and…

Why Deloitte Has Problems Implementing SAP

Executive Summary Deloitte has many well-known SAP project failures that are not isolated events. Why is it so difficult to separate Deloitte’s SAP capabilities from the lies. Introduction Deloitte has a high number of problematic SAP projects. The exact ratio of problem projects to overall projects is challenging to estimate, and Deloitte declares even projects…

How to Understand SmartOps MIPO

Executive Summary MIPO is the SmartOps inventory optimization and multi echelon application. MIPO has a specific software design that is discussed in this article. SmartOps SmartOps is a software company which makes several products, but the subject of this post will be their MIPO product (Multistage Inventory Planning and Optimization). SmartOps is one of the…

How to Understand an Incorrect Forecasting Article by CIO on Nike

How to Understand an Incorrect Forecasting Article by CIO on Nike

Executive Summary There are problems with the interpretation of forecasting concepts that are exemplified by Nike’s understanding of forecasting, as explained by CIO magazine. In a CIO article, Nike and AMR make several incorrect statements around forecasting harkening back to common forecasting myths. Introduction to the Problems with Interpretation of Forecasting One of the widespread…

Considering ILOG Inventory Optimization and Multi Echelon

Executive Summary What is ILOG? How do the products that IBM acquired work, and how are they different from other inventory optimization and multi echelon planning offerings? What is the problem with the ILOG acquisition by IBM? What Is ILOG? IBM ILOG, formerly just ILOG, which includes the merged LogicTools, which ILOG purchased in 2007,…

Why It Is Time for the SAP xApps Program to be Terminated

Executive Summary The xApp program was developed to allow SAP to co-opt competing vendors and to enable them to take the IP of these xApp vendors. Why is the xApp program such a problem and so anti-competitive? Introduction The SAP xApp program has been a commercial failure. This is good because the xApp program is…