Demand planning – handling contradictive opinions and interests

Demand planning – handling contradictive opinions and interests

February 27, 2018

There are inherent complications in synchronizing the views of sales and operations in demand planning. Demand planning aims to optimize the production and balance the trade-off between production costs and service levels. With the sales-department being likely to push for a higher sales forecast in order to achieve higher service-levels, it is important for the … Read More

Demand forecasting – How to improve Exponential smoothening

Demand forecasting – How to improve Exponential smoothening

January 16, 2018

Exponential smoothing is a standard method in many BI-solutions. It is a method that has been around for a long time since it was developed during the 1940s. Although much has happened since then in terms of model development, many companies use modules attached to the ERP-system and does not put a lot of effort … Read More

The biased roundtable – how to improve manual adjustments in budgeting

The biased roundtable – how to improve manual adjustments in budgeting

January 11, 2018

The process of setting the budget for the coming year follows a similar structure in many organizations. First, the forecasted value is being extracted from the ERP-system. Afterwards, people involved in the budget gathers in order to discuss how the coming year will deviate from the forecasted value. The optimal way of handling forecasting is … Read More