IBF On Demand

IBF on Demand Episode 6 (19.5.20) Sponsored by Arkieva, your one plan S&OP software. Learn more about Arkieva's approach to demand planning here: https://bit.ly/demand-management-reso...Here I discuss Forecast Value Added (FVA) with special guest Sara Park, Vice President, Exec S&OP, Forecasting COE and Supply Chain Planning at The Coca-Cola Company. We discuss how to use FVA to determine which forecasting models, inputs, or activities are either adding value or are actually making it worse. This technique can be game-changer for your forecast accuracy.08:00 Collaborating with other functions to get the inputs that are either helping or hurting 12:15 Knowing which functions help or hurt forecast accuracy14:55 FVA at the item level16:00 Getting started with FVA17:28  FVA for mature organizations19:19  What's a good FVA percentage?22:50 Why FVA is better than MPE and MAPE26:54 5 best practices when using FVAUseful article on FVA: https://demand-planning.com/2018/02/1...Find out more about IBF at www.ibf.org and www.demand-planning.comFind out about Arkieva at www.arkieva.comSupport the showTo sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org

IBF on Demand Episode 5: Is S&OP Dead & What Would Replace It?Sponsored by Arkieva, your one plan S&OP software. Learn more about Arkieva's approach to S&OP here: https://bit.ly/demand-planning-perfor....S&OP isn't adding value for most companies, failing to improve key KPIs like days of inventory or customer service. Eric Wilson discusses whether this 32 year old process is fit or for purpose and whether it should be killed off, or adapted and saved. He presents the 5 tenets off effective S&OP that allow to it become a true business-wide process. 01:15 S&OP is failing in key KPIs05:00 What S&OP needs to do08:27 Turning S&OP into a business process12:23 S&OP Strategy for decision making 16:43 Getting people involved and cross functional culture17:48 Metrics to track effectiveness of S&OP 23:38 Enabling S&OP with technologyRead about Decision Mapping: https://bit.ly/2yyLxpZ-decision-mappingS&OP Research Report: https://bit.ly/2yoeftV-SOP-research-r...Bram Desmet's book: Supply Chain Strategy and Financial Metrics: The Supply Chain Triangle Of Service, Cost And CashFind out more about IBF at www.ibf.org and www.demand-planning.comFind out about Arkieva at www.arkieva.comSupport the showTo sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org

Over 70% of predictive analytics implementation initiatives fail. Eric Wilson CPF and special guest, Misty Doan CPF, dive into how to make digital transformation work. Hear how Misty achieved a 26% improvement in forecast accuracy after 18 months, reduced excess inventory, increased fill rates by 10%, and reduced premium freight costs and fines by 17%. And hear Eric's 5 tips for digital transformation success.Useful article on change management: www.demand-planning.com/2018/01/25/want-to-implement-sop-first-you-must-become-an-architect-of-change/Find out more about IBF at www.ibf.org and www.demand-planning.comFind out more about Arkieva at www.arkieva.comSupport the showTo sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org

IBF on Demand Episode 3 (3.4.20) Sponsored by Arkieva. Eric talks to special guest, demand planning expert Andrew Schneider ACPF, to answer a fan question about segmentation and clustering. They explore multidimensional segmentation of items, going beyond standard Pareto distribution to find hidden correlations and reveal which items you need to prioritize. Check us out at ibf.org and at www.demand-planning.comCheck out our sponsor at www.arkieva.comSupport the showTo sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org

IBF on Demand Episode 2 (14.3.20). Learn about Arkieva's What-if Scenario Planning: bit.ly/what-if-planning"The world is coming to an end, we're all going to die, and you didn't get that forecast right." How do you forecast black swan events like Coronavirus? Short answer is you don't because if you could predict them, they wouldn't be black swan events. But what we do as demand planners when they happen really matters.  Check us out at ibf.org and at www.demand-planning.comSupport the showTo sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org

IBF on Demand Episode 1 (4.3.20) Learn about AI-driven forecasting with Arkieva: bit.ly/smart-forecast-aiWelcome to the very first episode of IBF On Demand. In this episode, I discuss the impact of AI and machine learning on demand planning and forecasting. I also discuss Big Data and the challenges and opportunities it presents, and how you can survive and thrive in this new era.Check us out at www.ibf.org and at www.demand-planning.comCheck out our sponsor at arkieva.comSupport the showTo sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org