Understanding Forecast Bias in Demand Planning
Forecast bias occurs when there is a consistent tendency to
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Understanding Mean Absolute Deviation (MAD) in Demand Planning
Mean Absolute Deviation (MAD) quantifies the average absolute difference between
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Understanding Inventory Turnover Ratio (ITR)
Inventory Turnover Ratio (ITR) indicates the number of times a
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New Product Forecasting – Line Extension #2
As mentioned in our previous article, “Line Extension” is the
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The Million Dollar Question (or much more…)
In a competitive world, one crisis is an opportunity for
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The 4 Most Practical Steps To Phase-Our A Product From Your Portfolio
In today’s supply chain, where consumers taste is rapidly changing,
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The Development of the Industrial Revolutions
The industrial revolution refers to the period of significant technological
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Introduction To New Product Forecasting
One of top challenges supply chains struggle with is forecasting
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Mastering Sales and Operations Planning (S&OP)
In the ever-evolving landscape of modern business, Sales and Operations
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S&OP / IBP: Trends in Beverage Industry
As the beverage industry navigates increasing volatility, advanced planning has
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Understanding Stockout Rate in Demand Planning
Stockout rate is the percentage of times an item is
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