Mark Chockalingam
I will take SAS software and Forecastpro as benchmark tools here
to compare the capabilities of APO DP..
Between SAS and APO DP, the difference is huge. You have an array of statistical
models to choose from in SAS while APO DP, has just a few limited set of models.
Even among the models available in APO, the optimization and convergence of model
selection to result in the parameters are some what inefficient and does not compare
to even inexpensive off-the-shelf products like Forecast Pro or Autobox
For univariate forecasting, you can use Exponential smoothing models, intervention
models, Box-Jenkins models, distributed lag models, vector autoregression models etc.
SAS allows you to model using a variety of techniques and allows you to customize them,
although you require deep knowledge in statistics and programming. It is not a plug and
play tool.
Continue
reading on ForecastingBlog.com!
May 25-26 | Norwood MA
In this specialized two-day course, we will explain the modeling
methodology and process behind accurate demand forecasts and how to effectively
use promotional information to arrive at a consensus forecast. The focus
will be on demand modeling using statistical techniques, the methodology
to perform model diagnostics, forecast accuracy measurement and the process
to incorporate market intelligence.
If you are a new demand forecaster or looking to enhance your knowledge
of business forecasting, you cannot afford to miss this opportunity!
- Get skills you can use at work
- Network with peers
- Add to your credentials
Register Now at super early-bird prices!
Mark Chockalingam
- GIGO – Define your demand history right before developing forecasts and plans.
- All you need to know about forecasts, you need to start from the Data Garden. Understand your data and make appropriate adjustments before beginning the forecast process.
- Measure to mature! You cannot improve the process unless you measure where it is right now. Design and deploy the right set of demand Metrics.
- Know your Stats. It helps to start with a good statistical modeling tool to develop baseline forecasts.
- Define a monthly process!
- Don’t do the same thing every month. Forecast by Exception!
- Assess and quantify your promotion. Get promotional intelligence and do event planning.
- Be pro-active and responsive in planning ahead. Ask what is our action plan for risks and opportunities to the latest forecast.
- Manage by Exception! 20% of your products and customers drive 90% of your revenues, sales volume and profits. The 90-20 rule.
- If you have a choice, KNOW the future, so you don’t have to forecast it!
- Forecast Modeling Capabilities in SAP APO vs Other Statistical Tools
- Best Practices in Demand Planning and Sales Forecasting
- Demand Planning and Forecasting 2 day Workshop
- Top 10 Demand Planning Mantras
- APICS Holiday Networking Event
Best Practices in Demand Planning and Sales Forecasting
Jan 13 2011 | Northern NJ
One Day Workshop - Just $395 per attendee, before December 15 for the
Early-bird price. Regular price $445 (after Dec 15).
Organizations spend a lot of time and resource on forecasting efforts to
improve the accuracy of the demand forecasts that are used in their
supply chain. The practices adopted by these organizations and a poor
process design can actually hamper your goals of an accurate demand plan
and a lean supply chain process...
Register Now!
APICS 5th Annual Holiday
Networking Event!
Dec 7, 2010 | Stoneham MA
Hosted By Boston Chapter of APICS North Shore Chapter of APICS, South Shore Chapter of APICS in collaboration with CSCMP and IBF
-
EVENT SET UP
- Montvale Plaza
- Cash Bar
- Hot and cold hors d’oeuvres, buffet, coffee and pastries
