The Business Forecasting Deal
Exposing bad practices and offering practical solutions in business forecasting
Forecasting Research Survey The Centre for Marketing Analytics and Forecasting at Lancaster University is conducting a new study on how demand forecasters do forecasting. They invite all practitioners who are working with forecasts, such as demand planners and supply managers, to take part in the study. The survey is anonymous
The 38th International Symposium on Forecasting will be held June 17-20 in Boulder, Colorado, USA. Registration is now open. This is the last ISF in North America until at least 2022. The ISF is the premier forecasting event for researchers, with academic attendees from all over the world. Yet it
Supply Chain Lead Times Most companies with a supply chain have to deal with supply lead times. When I worked in the processed meats industry many years ago, production plans were locked three weeks in advance.That's how long it took to secure raw materials and schedule the production lines. Many
We open this 48th issue of Foresight with an announcement of the goals and participation rules for the upcoming forecasting-methods competition, the M4. The M in all the competitions— the original, the M2, the M3, and now the M4—acknowledges their primary author, Spyros Makridakis. The competitions are extremely well-known events
Editor-in-Chief Len Tashman's Preview of the Fall 2017 Issue of Foresight Artificial intelligence (AI) is the name commonly given to the ability of machines to mimic the human aptitude to reason, solve problems, and learn from experience. Research in this field over the past few decades has spanned many disciplines,
In this guest blogger post, Chris Gray of Gray Research weighs in on the discussion of forecasting vs. budgeting. Chris Gray on Forecasting vs. Budgeting Generally I agree with Steve Morlidge’s points about the differences between forecasts (or sales plans) and budgets, and the fact that they are unlikely to