The Supply Chain GuysHonest supply chain judgment from practitioners I just came across a question bank on amazon and from its contents i liked the approach taken. It goes through all the sub modules in the CSCP exam and helps individuals to rehearse their concepts in a fashion similar to the exam. As i…
The Supply Chain GuysHonest supply chain judgment from practitioners Once the main production line broke down in a factory, this line was very essential to the company’s revenue. The managers and engineers in charge couldn’t get the machine on the production line to work again. Finally after giving up, the management agreed to call…
The Supply Chain GuysHonest supply chain judgment from practitioners Supply chain has become quite complex in recent times, and with the new globalized economy it is also a huge lever for competitive advantage. This puts immense pressure on the function to improve its technical competency, bringing the competition down to the individual. Employers now look…
Forecast accuracy is one number with four common formulas behind it. Here is how MAD, MAPE, WAPE and RMSE differ, when each one stops telling the truth, and how to pick the one your decision actually survives.
The Supply Chain GuysHonest supply chain judgment from practitioners All companies big or small do some sort of business forecasting, they estimate how their future will look like and use this information to make decisions that will shape the future in the way they want. However the quality of this forecast, its usability, detail and…