The Right Forecast Accuracy Metric for Inventory Planning

The right way to measure forecast accuracy if you are interested in optimizing stock levels is to focus on the accuracy of the service level projection. Just because you set a service level target (or a system recommends a target) doesn’t mean you’ll actually achieve the target. This blog explains why and details how to calculate service level accuracy.

The Right Forecast Accuracy Metric for Inventory Planning
jonathan cohan's picture

ToolsGroup CEO Joe Shamir explains how next generation forecasting is closer than you think

[Originally published in 2013, this white paper is still  provides a vital POV on how to advance your thinking around forecasting )

Alyssa Vallie's picture

Terra Technology 2015 Forecasting Benchmark Study Highlights

Persistent market volatility, economic uncertainty and increased complexity due to the rapid rate of new product introductions make forecasting demand challenging. This study features planning performance and overall trends including network complexity, error and bias, forecast value-added, extreme error and Demand Sensing performance for 14 multinational consumer goods companies, allowing readers to compare their forecast performance against the industry average. 

Trading Places

The storyline is old.  This blog is a new take on an old story.

The storyline was the central theme of the 1983 American comedy titled Trading Places starring Dan Aykroyd and Eddie Murphy.  Remember it?  It was one of my favorites:  a funny movie where an upper class commodities broker and a homeless street hustler switch roles when they are unknowingly made part of an elaborate bet.

Trading Places