Demand Forecasting Best Practices

ISBN-10: 163835197X
ISBN-13: 9781638351979
Category: Computers
Pages: 292
Language: English
Published: 2023-07-25
Publisher: Simon and Schuster
Author: Nicolas Vandeput

Description

Lead your demand planning process to excellence and deliver real value to your supply chain. In Demand Forecasting Best Practices you’ll learn how to: Lead your team to improve quality while reducing workload Properly define the objectives and granularity of your demand planning Use intelligent KPIs to track accuracy and bias Identify areas for process improvement Help planners and stakeholders add value Determine relevant data to collect and how best to collect it Utilize different statistical and machine learning models An expert demand forecaster can help an organization avoid overproduction, reduce waste, and optimize inventory levels for a real competitive advantage. Demand Forecasting Best Practices teaches you how to become that virtuoso demand forecaster. This one-of-a-kind guide reveals forecasting tools, metrics, models, and stakeholder management techniques for delivering more effective supply chains. Everything you learn has been proven and tested in a live business environment. Discover author Nicolas Vandeput’s original five step framework for demand planning excellence and learn how to tailor it to your own company’s needs. Illustrations and real-world examples make each concept easy to understand and easy to follow. You’ll soon be delivering accurate predictions that are driving major business value. About the Technology An expert demand forecaster can help an organization avoid overproduction, reduce waste, and optimize inventory levels for a real competitive advantage. This book teaches you how to become that virtuoso demand forecaster. About the Book Demand Forecasting Best Practices reveals forecasting tools, metrics, models, and stakeholder management techniques for managing your demand planning process efficiently and effectively. Everything you learn has been proven and tested in a live business environment. Discover author Nicolas Vandeput’s original five step framework for demand planning excellence and learn how to tailor it to your own company’s needs. Illustrations and real-world examples make each concept easy to understand and easy to follow. You’ll soon be delivering accurate predictions that are driving major business value. What's Inside Enhance forecasting quality while reducing team workload Utilize intelligent KPIs to track accuracy and bias Identify process areas for improvement Assist stakeholders in sales, marketing, and finance Optimize statistical and machine learning models About the Reader For demand planners, sales and operations managers, supply chain leaders, and data scientists. About the Author Nicolas Vandeput is a supply chain data scientist, the founder of consultancy company SupChains in 2016, and a teacher at CentraleSupélec, France. Table of Contents: Part 1 - Forecasting demand 1 Demand forecasting excellence 2 Introduction to demand forecasting 3 Capturing unconstrained demand (and not sales) 4 Collaboration: data sharing and planning alignment 5 Forecasting hierarchies 6 How long should the forecasting horizon be? 7 Should we reconcile forecasts to align supply chains? Part 2 - Measuring forecasting quality 8 Forecasting metrics 9 Choosing the best forecasting KPI 10 What is a good forecast error? 11 Measuring forecasting accuracy on a product portfolio Part 3 - Data-driven forecasting process 12 Forecast value added 13 What do you review? ABC XYZ segmentations and other methods Part 4 - Forecasting methods 14 Statistical forecasting 15 Machine learning 16 Judgmental forecasting 17 Now it’s your turn!

Get the book

Similar books

Family History Digital Libraries
By William Sims Bainbridge
One named Sara and Timberlake had 11 male workers, 1 female worker, and 4 children workers, so it might have employed the Minor family.
Foundation Dreamweaver MX
By Craig Grannell, Jerome Turner, Matt Stephens
So here's what we need to do to arrive at our layout: s Create the main table to hold all the page elements. s Deal with the navigation area which is ...
Cisco CCNA Certification, 2 Volume Set: Exam 200-301
By Todd Lammle
This inclusive, two-book set provides what you need to know to succeed on the new CCNA exam. The set includes Understanding Cisco Networking Technologies: Volume 1 and the CCNA Certification Study Guide: Volume 2.
CompTIA Network+ Study Guide: Exam N10-006
By Todd Lammle
... you can use: –a –A –c –n –r –R –S –s All nbtstat switches are case sensitive. Generally speaking, lowercase switches deal with NetBIOS names of hosts, ...
CompTIA Network+ Study Guide with Online Labs: N10-007 Exam
By Todd Lammle, Jon Buhagiar
... you can use: –a –A –c –n –r –R –S –s All nbtstat switches are case sensitive. Generally speaking, lowercase switches deal with NetBIOS names of hosts, ...
CCNA: Cisco Certified Network Associate FastPass
By Todd Lammle
S The S reference point defines the point between the customer router and an ... with the letter E deal with using ISDN on the existing telephone network.
Stranger in the Chat Room
By Todd Hafer, Jedd Hafer
A sequel to In the Chat Room With God finds a group of teens contacted by a mysterious and increasingly malevolent character who claims to know about their encounters with the Almighty and challenges their beliefs. Original.
Error Correction Coding: Mathematical Methods and Algorithms
By Todd K. Moon
M M−1∑ k=0 −∞ ∞ k=0 The average energy per signal E s ∫ can be related to the ... we will deal primarily with additive white Gaussian noise (AWGN), ...
Security+ Training Guide
By Todd King
... to deal with most , but unfortunately not all , of these potential threats . ... The S / MIME standard implements encryption for message content using ...
CCDA: Cisco Certified Design Associate Study Guide: Exam 640-861
By Todd Lammle, Andy Barkl
S reference point The S reference point defines the reference point between ... with the letter E deal with using ISDN on the existing telephone network.