IBF Business Forecasting Weekly | July 2023

In this issue:

Journal of Business Forecasting Summer Issue Preview: Why Aren’t Demand Planners Adopting Machine Learning? Why You Should Take the Leap

New Podcast: Balancing Demand and Supply: Unveiling the Hidden Power of Inventory | IBF On Demand

Complimentary Virtual Town Hall/Q&A: July 26th, 2023 11:00 am-12:00 pm Unleashing the Power of Financial Planning and Supply Chain Alignment

Upcoming Events:

Supply Chain Bootcamp | August 9-11 | Nashville | More Details

Business Planning, Forecasting and S&OP/IBP Best Practices Conference. w/ Fundamentals of S&OP/Demand Planning/Forecasting Tutorial | October 17-20 | Scottsdale, AZ | More Details

Membership Special: Get $100 off individual, 1-year memberships with code MEMLINKED100

Journal of Business Forecasting | Summer 2023 Issue

IBF Members have full access as part of their membership benefits.

Non-Members have access to preview the Journal by creating an user account.

Access is available also by subscription

This issue dives into the question of why demand planning is slow to adopt machine learning, despite the technology being readily available. The core challenges are discussed, namely that that machine learning was built for the digital world and not the real world, how its outputs are difficult to apply to business decision making, and how the data requirements exceed what many companies can access. A practical pathway to get started in machine learning is provided. Other highlights of this issue include a reshoring case study from a multinational chemicals company which documents the planning implications of repatriating production and useful advice for those looking to take the leap.

Featured Articles:

• Why Aren’t Demand Planners Adopting Machine Learning? Why You Should Take the Leap By Olga Gerasymchuk
• 20 Questions With a Planning Leader By Sara Park of Coca-Cola
• Case Study: Fixing Supply Chain Planning for a B2C Services Business By Willem van Oppen
• Reshoring Case Study: A Chemical Company Shifts Supply Chain Strategies By?Patrick Bower?& Zachary Fisher
• What did Tech Companies Get so Wrong? Forecasting for Subscription-Based Businesses By Larry Lapide
• The Alpha & Omega of Product Lifecycle Management By Eva Dawkins
• Macroeconomics & Demand — Understanding Seismic Drivers of Change By Mark Lawless, ACPF
• The US Economy Proves Incredibly Resilient By Nur M. Onvural

IBF On Demand Podcast New Episode

Virtual Event: Complimentary IBF

Town Hall/Q&A: July 26th, 2023 11:00 am-12:00 pm

Complimentary Virtual Town Hall/Q&A: July 26th, 2023 11:00 am-12:00 pm Unleashing the Power of Financial Planning and Supply Chain Alignment

Join our esteemed panel of thought leaders and practitioners for an engaging town hall discussion on the synergistic relationship between financial planning and supply chain management. Discover how effective collaboration between S&OP and FPA functions can drive operational efficiency, optimize cash flow, and enhance overall business performance.

You will learn:

• Strategies to align financial planning and supply chain functions for seamless operations
• Best practices for integrating rolling forecasts into supply chain decision-making processes
• The role of supply chain finance in mitigating risks and optimizing cash flow

Register HERE

UPCOMING IN-PERSON EVENTS

Supply Chain Bootcamp | August 9-11 | Nashville | More Details

Business Planning, Forecasting/S&OP/IBP Best Practices Conference. w/ S&OP/Demand Planning/Forecasting Tutorial | October 17-20 | Scottsdale, AZ | More Details

Membership Offer

To show our appreciation for your work to improve forecasting, S&OP, and demand/supply planning at your company and for your dedication to the field, IBF would like to extend a?$100 savings to you for an individual, annual IBF membership throughout the month of August.

Becoming a member of the IBF means joining a unique group of leaders that come together at industry-leading conferences and events around the world to share knowledge and network. Together, we advance the planning and forecasting disciplines, and the careers of those in the field. By becoming a member, you’re showing your company and the community your passion for the field.

Simply click on the image below and use code?MEMLINKED100?at checkout for your savings.

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