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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
5
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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
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