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Demand Planning Newsletter Switch to PDF |
August 2010 / Summer Edition |
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This newsletter features:
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Forecasting
with POS Workshop - |
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Vendor Managed Inventory for By David Rivers CFPIM, CSCP, Senior
Consultant Years ago
while attending a local APICS sponsored meeting we heard a
presentation by the Purchasing Director at Bose Corporation. Unfortunately I
do not recall the gentleman’s name, but I will never forget the message: His
topic was purchasing productivity gains. He used a technique he called it
Just in time II or JIT II. In the presentation he described a truly unique
(at that time) process of full-time suppliers associates located physically
within Bose; continuing to be full-time supplier employees. His logic was
irrefutable: He said something like ‘In our MRP system we assign
preferred suppliers to each purchased component. If the only thing Bose
associates do is read the MRP output, consolidate demand and place PO’s why
not have the supplier do it? They’re going to get the business anyway!” He went on
to describe more details of this arrangement. He had everyone’s attention
and many of us ultimately convinced of his wisdom. He then offered another
bombshell by saying something like this: “Besides this purchase arrangement,
with the complex business we’re in and with the advancing technological
capabilities of our suppliers I’d even invite supplier representatives in to
certain new product design discussions.”
Continued....
EyeforPharma October 5-6, 2010 4th Annual Pharma Forecasting Excellence 2010
Learn More.... Join us
this October to hear industry case studies & presentations on how to
optimize forecasts and drive your portfolio strategy This year’s
congress will help you understand, APICS 2010
International
October18th-20th 2010 Achieve excellence
in the New Normal with the 2010 Learning Paths. Celebrate the city
with APICS 2010 events!
Best Western Royal Plaza Hotel & Trade Center, Marlborough, MA Continued.... |
From ForecastingBlog.com: "Forecast Modeling capabilities in SAP APO vs. other statistical tools
" By Dr. 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! New schedule announced: Forecasting with POS Workshop -
Oct 6-7, Fair Lawn, NJ - Special Price $845! Room Package $1,100 only!
Register Today! Our
popular Demand Forecasting workshop with a focus on POS and channel
inventories! Learn More..... In this
specialized two-day course, we will explain the modeling methodology and
process behind accurate demand forecasts and how to effectively use POS and
Channel inventories to arrive at an accurate demand plan. The focus will be
on demand modeling using statistical techniques, and the process to convert
a POS based forecast into a shipment forecast. If you are
in demand planning, Sales or Marketing in the CPG/FMCG, Consumer
Electronics, High-Tech, Automotive or Food and Beverage Industries, you
cannot afford to miss this opportunity! Get skills you can use at
work Network with peers Add to your credentials Register now, and take advantage of a special price for
Newsletter subscribers! |
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UPCOMING INDUSTRY EVENTS: ·
NESCON October 4, 2010
| Marlborough, MA - Best Western Royal Plaza
Hotel & Trade Center ·
EyeforPharma
October 5-6, 2010 | Boston, MA ·
APICS International
Conference and Expo |
NEW JOBS |
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