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By Christian George
Supply Chain Lessons from Disney: What if we looked at supply chain management through the lens of Walt Disney?
Discovering Another Side of Disney
I remember the first time I went to Disney World. I was 10 years old. My mom, dad, brother, sister and I made the 16.5-hour drive from New Jersey to visit my grandparents who were staying in Kissimmee. I was excited to visit Disney, but I only have two clear memories: the Mickey ears I purchased and my brother’s trying to order the most expensive item on the menu every time we ate out.… READ MORE
By Abhishek Shah
What-if forecast simulation: Statistical Forecasting with Damping Factors
In the previous What-if Wednesday previous posts, we experimented with the three parameters of the Holt-Winters method, namely; alpha, beta, and gamma. This week we are going to run some tests with the damping factor.
What is a Damping Factor?
Damping factor is an additional parameter that forecasting tools use to damp the forecast. This usually affects the trend of the forecast. When we do not expect sales to grow year over year with the same increasing (or decreasing) trend, we need to damp the forecast that was created using the historical trend.… READ MORE
By Jon Schreibfeder
Determine the Best Forecast Formula
Last month, we discussed the fact that a single forecast formula will not accurately predict future usage for all your stocked products. But how do you determine the best forecast formula to use for each item?
We have found that the best way to predict future demand of an item is to test several forecasting formulas against past usage history. This is a fairly easy analysis to perform. If we are forecasting demand for December this year, we know what actual usage was in the previous several months, namely November, October and September. … READ MORE
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By Hellen Oti-Yeboah
From discussions on enabling advanced business processes and improving supply chain visibility, to supply chain technology trends, the SAPInsider SCM 2017 in Orlando Florida, is set to be a fun learning and networking experience for supply chain professionals using SAP systems.
To make the most out the SAPInsider SCM 2017 event, it’s imperative that event attendees plan to attend both product driven and strategy sessions that come with practical applications on how to improve current supply chain processes and optimize SAP IT investments.… READ MORE
By Dr. Harpal Singh
At first glance, supply chain metrics may seem to tell you a lot about your current supply chain operations. Look again! There might be more to the story.
Between 2009 and 2010 during the economic downturn, it was difficult to make sense of the unemployment numbers. The unadjusted unemployment rate in the US was at 9.8 percent, and it was trending down. Yet, traditional measures were not detecting new job openings. The number of job openings remained around 3 million nationwide at that time.… READ MORE
By Lora Cecere
BASF creates chemistry. Over the last two decades, the company successfully leveraged global scale to define supply chain leadership. . With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. The work of the BASF leadership team is a success story in managing global complexity.
For this case study, we interviewed Ralf Busche, Senior Vice President Global Supply Chain Strategy and Performance. Ralf has worked at BASF since 1989 in a variety of jobs across continents.… READ MORE
By Jon Schreibfeder
Understanding the Elements of a ForecastWatch Full Movie Online Streaming Online and Download
A demand forecast is a prediction of the quantity of a specific product that will be sold or used in an upcoming time period (usually a month). The accuracy of your forecast is a determining factor in whether or not you will achieve effective inventory management.
Most organizations base their forecast on an average of past usage, usually the usage recorded over the past three to six months. … READ MORE
By Hellen Oti-Yeboah
What are the key things to know about B2B demand sensing?
In our upcoming webinar on B2B Demand Sensing, we will discuss practical examples of how upstream manufacturers are using B2B Demand sensing to reduce inventory costs and identify additional sales opportunities.
In this blog post, we will discuss fundamental information that B2B manufacturers looking to improve forecast accuracy with demand sensing should know.
In most companies, the supply chain planning processes are geared towards a monthly cycle.… READ MORE
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