Six Rules for Effective Forecasting



Six Rules for Effective Forecasting

Introduction

The article is important for the managing supply chain. Although Paul Saffo offers very practical rules in his article, "Six Rules for Effective Forecasting" (July-August 2007), he seems to emphasize strategic rather than operational forecasting. I believe the latter is at least as important as the former, and in my experience, three additional rules vital to operational forecasting could also apply to strategic forecasting: (1) a formal forecasting process, (2) internal and external collaboration during forecast preparation, and (3) full support from upper management.

Process matters. Determining how information is gathered, filtered, and ...