We hope you had a Great Holiday Season and we wish you a Happy New Years. Now is time to join us for our first meeting for 2016. Our PDM (Professional Development Meeting).
Our professional development meetings provide a great way to network with other Supply Chain, Transportation and Logistics professionals in the area and to learn more on a topic of interest. Please join us for our planned events.
Why does Supply Chain avoid Bottom Up Forecasting and Uses Allocation?
Hint: It's thought to be too hard.
Tom Reilly, CEO
Automatic Forecasting Systems
Wednesday February 10, 2016
We will explore standard approaches used to forecast, delve into the flaws with these approaches, and address better approaches. The discussion will be technical at times, but not too sophisticated so that it is easily understood and actionable. The evolution from complicated to very simple approaches in forecasting has left the S&OP process to struggle with bad forecasts and the bullwhip effect. The "value add" from introducing causal variables and knowledge to explain historical variations allow the forecasting process to identify more of the signal and separate out the noise. It is from these events that by following a more rigorous approach, you can provide "Early Warning Reports" along with a better baseline forecast.
1. What you should be doing in Forecasting
2. What you shouldn't be doing in Forecasting
3. Why your early warning system isn't warning you