Search Results for: forecasting

… software addresses two basic problems.

Forecast accuracy measurements are often not performed in companies to enable the company to focus on what to improve. The forecast error measurements used usually are too abstract and divorced from the financial impact can end up with the wrong items receiving the emphasis for forecasting improvement.
In all the cases that we have seen over decades of working with MRP systems, they have had poorly optimized parameters (things like safety stock, reorder point, and economic order quantity) MRP systems (usually executed within ERP systems) do not have good ways of managing these parameters.

We …

… another problem. Both IDC and Gartner are so commercial, and profit maximized, we don’t find either firm’s reports on this or other topics compelling.

The book by one of the authors, Shaun Snapp on Gartner, found that they follow no established research conventions and market services to vendors by telling them that they will perform better in various Gartner products by purchasing advisory services. Gartner has a poor record in forecasting, and their forecasts seem to be more focused on garnering attention than on being accurate.
IDC is part of IDG, which publishes eight of the largest …