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So your forecasts are higher than the actuals…but is over-forecasting the real problem?

I have never yet come across a forecast process where forecasts are consistently too low – the usual problem is over-forecasting. And in these circumstances it is natural that managers start scouring their portfolio for the ‘culprits’: those forecast that are consistently too high?

But are they looking in the wrong…

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Why doesn't forecasting excite management (when it should)?

It is often said that ‘no-one is happy with their forecasts’. The statement certainly chimes with my experience of dealing with senior supply chain executives, but I can’t help feeling that it is a strange kind of unhappiness.

It is…

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So your forecasts are higher than the actuals…but is over-forecasting the real problem?

This article describes why it is dangerous to rely on high level measures to diagnose the nature of bias problems.

I have never yet come across a forecast process where forecasts are consistently too low – the usual problem is over-forecasting. And in these circumstances it is natural that managers start…

Read More...

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