IBF On Demand

IBF0 Eric Wilson CPF
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Jan 24, 2022 • 33min

Calculating ROI From S&OP Part 1: Understanding The Costs

IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecasting01:48 IBF events are back! Starting with S&OP/IBP Boot Camp03:44 Showing the value of S&OP/IBP and ROI from implementation08:30  4 major costs: acquisition, implementation, operating, improvement09:40 Cost 1: Acquisition costs15:17 Cost 2: Implementation costs (including training) 18:40 IBF consulting and assessments 22:22 Cost 3: Operating costs26:01 Cost 4: Improvement costs27:50 Total costs 30:28 Is it worth it? Measuring the upsideRegister for IBF's S&OP/IBP Boot Camp in Scottsdale from February 16-18: https://bit.ly/IBFSCOTTSDALEIBF's S&OP/IBP consulting and assessments: https://bit.ly/IBF-CONSULTINGSupport 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
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Jan 3, 2022 • 33min

Adapting S&OP To Company Strategy

01:44 S&OP needs a strategy02:45 Dr. Bram Desmet, author of 'Supply Chain Strategy and Financial Metrics'05:30 The supply chain triangle: service, cost and cash08:00 Strategic S&OP11:27 Pick your strategy: Product Leadership, Customer Intimacy or Operational Excellence 17:07 Workout a strategy for S&OP you will lose20:33 How does COVID impact S&OP strategy?24:40 Best KPIs for the cost, service and cash triangle27:00 How Business Efficiency Planning (BEP) helps connect planning to strategy 31:37 Scottsdale S&OP/IBP Boot Camp, February 16-18Support 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
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Dec 9, 2021 • 32min

Getting Finance To Trust Your S&OP/IBP Process

IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecastingSee IBF's list of 2022 of training events and conferences: https://bit.ly/IBFEVENTS01:30 Beware inflation - how it will impact your business05:44 Finance's role in IBP - financializing the plan07:43 IBP is a mechanism for implementing strategy 09:00 What happens when Finance doesn't trust the forecast/demand plan12:38 How do you get Finance to use your plans?18:18 Making IBP more strategic for the longer term26:50 Differences between the forecast and the budget27:42 Incorporate changes as they occur, understand drivers of demand 28:42 Using IBP for long term visibility into P&LSupport 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
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Dec 2, 2021 • 31min

5 Things Your CEO Needs To Know About Demand Planning

IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecasting01:38 CEO's don't get demand planning 03:52 #1 Forecast error is not the goal08:15 #2: Forecasts are not the same as targets11:47 #3: Don't manipulate the forecast to justify decisions16:09 #4: Stop making our job harder!23:10 #5: Success depends on specializationSupport 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
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Nov 15, 2021 • 34min

Understanding Forecastability - Not All Items Are Created Equal

IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecastingLearn more about forecastability here: https://bit.ly/2YNAfvn01:15 Why do we assume forecast accuracy should be the same for all items?05:05 What is forecastability?06:55 Are all items forecastable? 08:20 Items are becoming increasingly unforecastable09:35 What kind of forecast error should we accept today?12:49 How to know if our items are forecastable or not18:05 Coefficient of variation and seasonality 19:45 Should we expect more error now following Covid?22:25 What to do with long tail, unforecastable SKUs27:10 Identifying causal factors in the noise29:54 How good are you at forecasting? Using Forecast Value AddSupport 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
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Oct 6, 2021 • 29min

Making Sense Of The Supply Chain Shortages We're Seeing Right Now

IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecastingInterview with Jake Barr, CEO of BlueWorld Supply Chain Consulting. 04:49 What is going wrong with supply chains right now, and how long will it last?09:30 How forecasting and planning can help mitigate the impact of supply chain chaos.11:44 2022, the year of 'anti-lean'15:53 Overreacting to supply shortages and overbuilding inventory18:13 The true extent of the supply shortages including medicines 21:20 Balancing cost, margin and cash amid supply disruption26:27 Buying inventory - calculating what you're willing to pay and what you're willing to loseSupport 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
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Sep 13, 2021 • 29min

Cooking Up S&OP With Eric Part II - The Shocking Reveal

IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecastingUse IBF's S&OP Maturity Model: https://ibf.org/sop-maturity-modelJoin us for IBF Orlando Conference: https://ibf.org/events/orlando202102:00  IBP, S&OP, BEP - what's the difference?03:55 Executive support04:20 Time horizon04:45 Higher levels of aggregation05:45 Cadence 06:20 Review steps07:00 Unconstrained view of demand 11:30 One number attitude17:15 Collaboration, communication and transparencySupport 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
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Sep 2, 2021 • 24min

Cooking Up S&OP With Eric | Part 1

IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecastingSetting Up S&OP: https://www.youtube.com/watch?v=JmU8p...S&OP & S&OE with Jeff Baker: https://www.youtube.com/watch?v=M2Wga...Join us at IBF Orlando in October: https://ibf.org/events/orlando202100:59 Join us at IBF Orlando from October 19-2201:41 The ingredients of S&OP03:38 Ingredient 1: Executive support06:41 Ingredient 2: Time horizons10:29 Ingredient 3: Levels of aggregation13:57 Ingredient 4: Cycle and cadence18:42 Ingredient 5: S&OP reviewSupport 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
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Aug 12, 2021 • 32min

Can You Really Do Your Demand Planning Job Remotely?

IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecasting01:35 Half of people won't go back to the office after remote working02:26 What does remote working mean for demand planners?04:25 Remote working isn't quite taking over as some people think06:20 Most demand planning jobs are NOT remote07:46 Nearly all remote roles are individual contributor roles, not leadership roles08:00 Strength of the demand planning job market right now09:53 What are employee expectations for new roles?11:51 Will employees or companies dictate the future of remote work?14:08 Advantages and disadvantages of working in the office 19:35 The importance of relationshipsSupport 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
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Jul 23, 2021 • 31min

Setting Expectations For The First 6 Months Of S&OP

01:40 Setting expectations for the first 6 months of S&OP03:30 Perceptions vs vs reality when you start S&OP - losing flexibility 08:16 The S&OP combo strategy10:47 Segmentation in S&OP17:45 Service Level Agreements in S&OP21:46 Tracking and reporting23:44 Most important step when starting S&OP25:54: Get executive buy in and find he quick winsIBF Conferences are back! Join us for IBF's Business Forecasting, Planning & S&OP Best Practices Conference in Orlando from October 19-22, 2021. Click here for more info: https://ibf.org/events/orlando2021Support 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

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