Search Results for: forecasting

What is Lean Supply Chain Definition?

Executive Summary A lean supply chain is often proposed to improve outcomes, but what is it actually? We provide our definition of Lean supply chain. Introduction There is an enormous amount of false information provided about what is Lean supply chain definition. See our references for this article and related articles at this link. The…

Is SAP IBP Good?

Executive Summary SAP IBP is SAP’s replacement for APO…and the question is often asked is SAP IBP good? We provide our feedback on IBP. Introduction SAP IBP is SAP’s attempt to replace APO. For whatever reason, SAP decided that it needed a new solution — and this was supposedly an incremental solution, which began with…

What is SAP IBP?

Executive Summary SAP IBP is SAP’s replacement for APO…sort of. We cover IBP and its background. Video Introduction: What is SAP IBP? Text Introduction (Skip if You Watched the Video) SAP IBP is SAP’s attempt to replace APO. For whatever reason, SAP decided that it needed a new solution — and this was supposedly an…

How Can Forecast Error be Calculated?

How Can Forecast Error be Calculated?

Executive Summary Several universally accepted methods calculates the forecast error. After going over them, we will question if these methods are effective. Video Introduction: How Can Forecast Error be Calculated? Text Introduction (Skip if You Watched the Video) The question of how can forecast error be calculated is a common question in forecasting. We go…

What is a Good Forecast Accuracy Percentage?

What is a Good Forecast Accuracy Percentage?

Executive Summary A frequently asked question is what is a good forecast accuracy percentage. We answer if there a real answer to this question. Introduction Executives in companies typically want to know if their forecast accuracy percentage is what is a good forecast accuracy percentage. The standard expectation is that their forecast accuracy can be…

What is the Definition of Forecast Accuracy?

What is the Definition of Forecast Accuracy?

Executive Summary Forecast accuracy has a simple definition but many important details. We cover the definition of forecast accuracy and its implications. Video Introduction: Definition of Forecast Accuracy Introduction Understanding and measuring forecast error is critical to improving forecast accuracy but not many people actually understand how measuring forecast accuracy or forest error works. In…

How is Forecast Accuracy Measured?

How is Forecast Accuracy Measured?

Executive Summary The forecast accuracy is measured by a number of universally accepted measurement methods. After going over them, we will question if these methods are effective. Video Introduction: How is Forecast Accuracy Measured? Text Introduction (Skip if You Watched the Video) How forecast accuracy is measured is one of the most common questions in…