One of the challenges for manufacturers is to check how accurate their forecast is with respect to the sales pipeline and whether the forecast gets the latest inputs due to volatile environments (e.g.

Forbes contributors publish independent expert analyses and insights. I cover logistics and supply chain management. While machine learning and artificial intelligence (AI) have been used in supply ...

Yogi Berra once said, "It's tough to make predictions, especially about the future." While there's no magic formula for forecasting, there are several steps that companies can take to mitigate ...

Accurate demand planning is critical to the success of any business. In 2019, Bayer's Consumer Health division embarked on its digital transformation journey with OMP, aiming to replace its existing ...

For the most part, they aren't born, but are bred within organizations that take a multidisciplinary view of supply chain operations, and train their employees accordingly. Let's see if we can't pick ...

“Generals are always prepared to fight the last war,” Winston S. Churchill once said. When it comes to forecast accuracy, is your battle strategy still based on forecast accuracy challenges and KPIs ...

Editor’s note: The following article is a joint project of professors in the University of Tennessee Knoxville’s Global Supply Chain Institute. For more on the Institute, click here. Demand planners ...

In a recent post on the importance of inventory management, we noted how new technologies are changing how demand forecasting is done. Long-standing demand-planning methods are gradually giving way to ...

Demand planners are kind of like weather forecasters -- they rarely get credit for doing their job correctly, and they're only noticed when they get it wrong. Nevertheless, it's vitally important that ...

In a strategic move aimed at enhancing Army demand planning and forecasting capabilities, in March 2024, the Logistics Modernization Program (LMP) successfully implemented Integrated Business Planning ...