We recently did a case study together with one of the major truck manufacturers on the number of registered commercial vehicles in Europe using the Indicio forecasting platform. The analyses were done in monthly, quarterly and yearly view, with focus on the latter. The aim was to find driving market factors, policy and seasonality effects, … Read More
I often stumble across professionals working closely with the market which explains the dynamics and drivers of the market with a story. A story with great compassion which captivates and convinces in almost a heroic way. I recently started to dig into what the story was based upon and realized that it might not have … Read More
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
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 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
