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Wednesday, 10 October 2012 13:27

Linear Model Forecasting Software

The time series model forecasting software predicts the future demand in the coming months.

Published in
Thursday, 23 August 2012 06:43

DEALING WITH INACCURATE FORECASTS

ManufTodd Taylor from OPS Rules Management Consultants explains how to optimize your forecasting.

"The funny thing about forecasts is.…they are never accurate,” explained a very experienced operations executive during a recent meeting. A veteran in our industry with 30+ years in supply chain and manufacturing operations; this executive works at a very senior level in an operations leadership position for one of the leading technology companies in the world.  This man claims that that he has “blunted his sword” trying to improve forecasts, but in the end….”forecasts are always wrong”. 

We all know that forecasts are never accurate. We also understand the “bullwhip effect” and what happens in traditional value chains the further a company is from the end consumer. 

Published in Best Practices

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