Forecasting strategies - master class

Learn more about effective forecasting strategies during a master class with Eric Stellwagen. Within mere hours you will be completely up to date to execute an effective forecast yourself! Effective Forecasting Strategies will help you improve your supply chain as you’ve never seen before! Treat yourself to this master class and learn how you can optimize your business.

Date: 3rd May 2023
Time: 14.00-17.00
The day ends with a network meeting with drinks
Location: Fletcher Hotel, Burgemeester Burgerslaan 50, 5245 NH Rosmalen
Participation fee: €35,-

Program “effective forecasting strategies”

This master class will survey various approaches for effectively forecasting existing and new products. It will review pros and cons of forecasting methods for replacement products, product line extensions, new-to-company products and new-to-world products. New product forecasting is challenging— when there is little to no historical data available you can no longer rely on methods you use for existing products.

One of the biggest challenges in forecasting is creating accurate forecasts that leverage the variables that impact demand. Many forecasting processes rely on univariate (single input) models that extrapolate the demand history. However, univariate models don’t always capture the whole story. If your demand is impacted by external forces (e.g., price, promotions, weather, etc.) then leveraging additional inputs will often improve forecast accuracy.

Detailed program

14.00 Reception

14.15 Introduction Eric Stellwagen & Forecast Pro

14.45 Using Forecast Pro to support your forecasting process

15.15 Beyond Extrapolation: using additional inputs to improve forecast accuracy

16.45 Questions and wrap up

17.00 End of master class & start of network meeting with drinks

About Eric Stellwagen

Eric Stellwagen is the co-founder of Business Forecast Systems, Inc. (BFS) and the co-author of the Forecast Pro software product line. With more than 30 years of expertise in the field, he regularly presents workshops and publishes on the topic of business forecasting. Eric is widely recognized as a leading educator on the subject. Drawing upon his consulting knowledge helping leading organizations to address their forecasting challenges, Eric infuses his classes with practical approaches and uses real-world data to illustrate concepts. Eric served on the board of directors of the International Institute of Forecasters (IIF) for 12 years and is currently serving on the practitioner advisory board of Foresight: The International Journal of Applied Forecasting.

About Forecast Pro

Forecast Pro is an off the-shelf forecasting package designed for business forecasters. Forecast Pro is used across virtually all industries and puts sophisticated forecasting techniques into anyone’s hands. It is powerful & accurate, yet easy-to-use and quick to implement — you can be up and running in just days, or even hours.

With Forecast Pro you can anticipate your sales process much better through insightful forecasting. It also gives you a good insight into future turnover. You can look ahead and make adjustments if the budgeted turnover threatens to not be achieved.
Forecast Pro analyzes and validates several proven forecasting methods. Research has shown that no other method works better for all your data than the one provided by Forecast Pro.

Forecast Pro is compatible with large variety of systems and software. For example ERP systems such as Oracle, SAP and Exact.

ATIM Solutions

ATIM Solutions has been working with Forecast Pro for over 15 years and is an expert in the field of forecasting and demand management and offers companies worldwide advice and support in the field of forecasting, demand planning and sales and operations planning (S&OP). In addition, we always guide our customers when purchasing forecast software.