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 passed my CSCP 6 years ago, i couldnt put…
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 in an old man who was known to have…
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 for a discrete set of technical and leadership competencies…
In this blog I explain how to calculate forecast accuracy. Within the industry multiple approaches to calculate forecast accuracy exist, all serving different yet specific purposes. Just like any other metric, a one size fits all approach is dangerous and the KPI selected to be measured should fit with the overall objective of the organization….
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 timing all decide if this forecast will yield efficiencies…