Search Results for: forecasting

Life Cycle Demand Planning in SAP DP Versus Demand Works Smoothie

Life Cycle Demand Planning in SAP DP Versus Demand Works Smoothie

Executive Summary Lifecycle planning in SAP DP is complicated to use. Lifecycle planning in a best of breed application called Demand Works Smoothie works quite a bit differently. In this article, we compare and contrast how it works in both SAP and Demand Works. Introduction Life cycle planning is essential functionality for forecasting software. It…

Why Demand Works is a Model for Configuration Data Management

Executive Summary What application in supply chain planning is a model of simplicity concerning its master data? How does Demand Works Smoothie work concerning master data maintenance? What is the imbalance between the ability to create versus update master data? Introduction In this article, we described the serious configuration management issues with SAP SCM. In…

How SAP DP Calculates The MAPE Error Incorrectly With Zero Demand

How SAP DP Calculates The MAPE Error Incorrectly With Zero Demand

Executive Summary DP has problems with MAPE, and it shows incorrectly in DP when there are errors. We cover an example of what DP does to calculate the MAPE. Introduction to MAPE Forecast Error in DP with Zeros On several accounts now, clients I have worked with have had problems getting the best fit functionality…

How to Best Measure Forecast Error

How to Best Measure Forecast Error

Executive Summary The importance of having an honest and correct measurement or forecast accuracy or forecasting accuracy. How the error is measured. Video Introduction: How to Best Measure Forecast Error Text Introduction (Skip if You Watched the Video) The vast majority of companies are unhappy with their forecast accuracy or forecasting accuracy. However, many of…

What to Look for In a Forecast Simulation Environment

What to Look for In a Forecast Simulation Environment

Executive Summary Forecast simulation can be used to test important items that allow for the forecasting application to be adjusted. Specific items make a forecasting application a good prototyping forecasting. Introduction to Forecast Simulation Rarely does the public or do people who work at companies find out about problem implementations. However, I run into a…

How to Most Effectively Forecast Lumpy Demand SKUs

How to Most Effectively Forecast Lumpy Demand SKUs

Executive Summary Intermittent of lumpy demand increases because of specific decisions by marketing, sales, and other companies’ areas. Trader Joe’s breaks with the trend of having higher percentages of the product database being intermittent. Introduction Many question how lumpy demand, also called intermittent demand forecasting, is performed. Lumpy demand history is rising as marketing increasingly…

How to Best Understand Forecast and Supply Planning Prototyping

How to Best Understand Forecast and Supply Planning Prototyping

Executive Summary Forecast prototyping is performing forecast and supply testing. Prototyping is critical to understanding how to make changes to the forecasting and supply system. Companies make a significant mistake when they select one forecasting system and trust that everything in that system will work as advertised. Instead, forecasting should be prototyped in another competitive…

How to Understand Planning Areas in APO

Executive Summary We cover the background on APO Planning Areas. This includes creating the Planning Areas, the aggregate Planning Area, and its activation. The Planning Area has important interactions with macros. Introduction Planning areas are the central data structures for Demand Planning and Supply Network Planning. To go to planning areas or to create planning…

Why SAP SPP Continues to Have Implementation Problems

Executive Summary SAP created a partnership with MCA that was designed to get into the service parts planning market. We cover the outcome of this partnership. Introduction The pathway is not clearing for SPP as the successes have been few and far between. However, there is a solution. Bringing Up SAP SPP in the Market…

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…