IBF On Demand

Special Holiday Episode | Can You Forecast Better Than A 6 Year Old?


Listen Later

Sponsored by Arkieva, your One-Plan S&OP software. Find out about Arkieva's approach to demand planning:  https://bit.ly/forecast-accuracy-webinar 

Benchmark your company's S&OP maturity with IBF's free-to-use S&OP maturity model. Get recommendations to improve specific areas of your process and progress to the next stage in your S&OP evolution. Try it now for free: https://bit.ly/33BiLSE

In this special holiday episode I speak to Rex and Ashni, 2 experts in the field who happen to be 6 years old. They might just be able to forecast better than you!

We can learn a lot from children because they don't bring bias into their thinking, and we all know that bias can kill your forecast accuracy. Kids are also wrong with confidence - a key trait of a successful Demand Planner. They also don't sweat the small stuff,  don't worry about ambiguity, and always ask "why" - all keys advantages in demand planning. 

09:40 Getting rid of bias in our forecasting
10:44 Why a child's curiosity is highly valuable
11:58 Being wrong with confidence 
14:29 Ask a lot of questions and ask "why?"
15:00 Think anything is possible
16:45 Fail fast 
21:35 Always be learning 

Support the show

To sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org

...more
View all episodesView all episodes
Download on the App Store

IBF On DemandBy IBF0 Eric Wilson CPF

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

9 ratings


More shows like IBF On Demand

View all
This American Life by This American Life

This American Life

90,931 Listeners

Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,007 Listeners

TED Talks Daily by TED

TED Talks Daily

11,042 Listeners

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,727 Listeners

Acquired by Ben Gilbert and David Rosenthal

Acquired

4,636 Listeners

WSJ What’s News by The Wall Street Journal

WSJ What’s News

4,345 Listeners

Making Sense with Sam Harris by Sam Harris

Making Sense with Sam Harris

26,320 Listeners

Up First from NPR by NPR

Up First from NPR

56,503 Listeners

The Chain Podcast by ASCM (The Association for Supply Chain Management)

The Chain Podcast

10 Listeners

On Fire with Jeff Probst: The Official Survivor Podcast by CBS

On Fire with Jeff Probst: The Official Survivor Podcast

7,435 Listeners

Good Hang with Amy Poehler by The Ringer

Good Hang with Amy Poehler

10,606 Listeners