DataHour: Personalizing Demand Planning Using Scenario Analysis
DataHour: Personalizing Demand Planning Using Scenario Analysis
31 Mar 202315:03pm - 31 Mar 202316:03pm
DataHour: Personalizing Demand Planning Using Scenario Analysis
About the Event
Demand Planning is a complicated, collaborative process wherein the understanding of future customer demand helps in deciding inventory, production, revenue, and services across the organization. While accurate forecasting is an important step towards it, the end decisions are about deciding between various plausible tradeoffs. Typically, such tradeoffs are evaluated in an ad-hoc manner at the best, and there is no one-size-that-fits-all solution in terms of which tradeoff to choose to operationalize.
In this DataHour, Devavrat will discuss the recent technological advances that enable evaluation of feasible tradeoffs between multiple objectives using historical data with the help of scenario analysis so that teams working collaboratively can make such decisions that are right for them at that time, covering the following points in detail:
- Scenario analysis and how it can help evaluate possible tradeoffs
- Role of forecast accuracy in demand planning through scenario analysis
- End-to-end tools that incorporate data, enable accurate forecasts, perform scenario analysis and operationalize demand planning across organizations based on the chosen tradeoff.
Prerequisites: A strong interest in Data Science
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- Best articles get published on Analytics Vidhya’s Blog Space
- Best articles get published on Analytics Vidhya’s Blog Space
- Best articles get published on Analytics Vidhya’s Blog Space
- Best articles get published on Analytics Vidhya’s Blog Space
Who is this DataHour for?
- Best articles get published on Analytics Vidhya’s Blog Space
- Best articles get published on Analytics Vidhya’s Blog Space
- Best articles get published on Analytics Vidhya’s Blog Space
About the Speaker
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