IBF On Demand

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

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

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

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

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

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

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-forecastingThis week I talk to Jonathan Karelse of North Find Management about how I am 100% perfect and other people are biased and wrong.02:37 I'm not biased but you definitely are 06:00 Jonathan's research into identifying bias in Demand Planners08:34 The Dunning Kreuger effects10:11 The representative heuristic 11:11 The availability heuristic 12:46 Intertemporal discounting 13:44 The shocking extent to which people are biased14:20  An example of the framing effect/anchor bias19:15 Overconfidence - the most insidious of all biases 21:40 Cluster illusion - the Achille's Heel of Demand Planners23:48 How to overcome our own biases 28:40 Don't add or use what cannot be measuredShow less Support 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

01:25 www.demand-planning.com, the leading resource for Demand Planners02:48 demand planning and inventory management04:44 The reasons to hold inventory beyond your current lead times06:21 When increasing inventory decreases costs10:41 Balancing cost, cash and service13:47 Calculating safety stock25:15 Improving your inventory with 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

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-forecasting Get your IBF membership: https://ibf.org/ibfmembership01:28 Forecast analyst and demand planning roles are in high demand02:40 Colleges are not preparing students for demand planning05:50 What an IBF chapter is08:38 How IBF chapters at bridge the gap between theory and practice10:15 Leveraging IBF chapters for networking 12:15 Why a UC Berkeley student set up an IBF chapter13:45 The benefit of diversity of ideas from different industries16:23 The disconnect between the academics and realities of demand planning19:50 Advice for students coming into the world of demand planning21:15 Soft skills for more technical students entering the workplace25:58 How hiring managers can help universities train the new generation of demand plannersSupport 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 sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecasting​Check out IBF's events (face-to-face and virtual): https://ibf.org/forecasting-and-plann...​Become an IBF member: https://ibf.org/ibfmembership​Check out Jennifer's article in the Journal of Business Forecasting: https://ibf.org/knowledge/jbf-article...02:15 Getting the younger generation into demand planning03:57 Perspectives from the younger generation in demand planning08:08: Tips for starting your first demand planning job - knowing product lines09:50 Tips for starting your first demand planning job - building relationships to get the data you need10:41 Tips for starting your first demand planning job - learning executive communication13:42 Networking tips15:33 Improving communication skills if you're more analytical 18:08 What to look for in a new role and boss20:40 Where students and graduates can find information about the field22:30 How to be attractive to employers in demand planning/supply chain29:10 Advice for young people to succeed in this field - build you brand and take risksSupport 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