ASCI Networking Breakfast Series: Forecast Accuracy - New South Wales (0.5 CPD pt)
Eight Methods to Improve Forecast Accuracy
Most companies recognise the importance of a repeatable and accurate forecasting process. Accurate forecasts help us in the following ways:
- minimise inventory
- maximise production efficiency
- streamline purchasing
- optimise distribution
- maximise customer service
- ensure confidence in company projections.
However, developing accurate product forecasts at all stages of a product’s life cycle can be very challenging. Gartner places demand forecasts at the top of their Hierarchy of Supply Chain Metrics to highlight its impact back through the supply chain.
In this interactive workshop we take a brief look at the three categories of forecasting models and the eight methods that have produced superior results for many companies in a variety of industries and market conditions around the world. We also discuss how Demand Sensing and Multi-Variate Demand Signal Management can help you incorporate internal and external demand data to improve forecast quality and uncover insights to make better and faster decisions.
Meet our facilitators
Back by popular demand are Logility’s local. experts:
Tim Williamson, Regional Director, Logility
Tim has 25 years’ experience in trade promotion management and detailed demand planning. In 2016, Tim joined Logility as Regional Director for the APAC region. He has completed a degree in statistics and operations research.
Elton Brown, Business Consultant, Logility
An IT Solution Consultant, Program & Project Manager and Account Manager with 20 years experience working for both software vendors and international manufacturers and retailers. With a business-focused degree in Information Systems and 8 years’ experience across Europe and Asia.
Who should attend
- Supply Chain Managers
- Supply Chain Analytics Managers
- Logistics Managers
- Procurement Managers
- Managing Directors
- Supply chain and logistics graduates
This event is free for ASCI Members and their guests (remember to log in to receive $0 in your shopping cart).
This is proudly supported by ASCI Corporate Member, Michael Page.