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Electronics Demand Forecasting Blind Side

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SP
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Supply Network Guru
Re: Electronics Demand Forecasting Blind Side
SP   3/19/2013 4:13:21 AM
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absolutely agree. Consumer demand pattern is hihly volatile. Sometimes if one friend buys samsung galaxy tab, the other person also plans to buy. Now a days I am seeing many young guys havin samsung phones. I think hardly the guys go and check what they want and what is avialble in the market and take what they really want.

TaimoorZ
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Supply Network Guru
Re: Electronics Demand Forecasting Blind Side
TaimoorZ   3/18/2013 12:42:28 PM
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"Customers are not ready to commit on numbers and sometimes there is a suddend demand."

@SP: I think the problem with most electronic manufacturers is that they are in the middle tier of the value chain where demand for electronics is directly driven by demand for consumer goods. And that's what makes the forecasting process trickier because consumer demand is highly volatile.


TaimoorZ
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Supply Network Guru
Use of technology in forecasting
TaimoorZ   3/18/2013 12:40:06 PM
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Interesting post, Brian. How important do you think the role of technology is being played when it comes to forecasting in the electronic supply chain? Are we moving towards more accurate forecasting with the help of technology such as analytics and Big Data? Or are conventional ways of forecasting still continuing to be important?

SP
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Supply Network Guru
Electronics Demand Forecasting Blind Side
SP   3/18/2013 3:30:35 AM
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sometimes its tricky to get the forecast of demands in electronics supply chain. Customers are not ready to commit on numbers and sometimes there is a suddend demand.

_hm
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Supply Network Guru
Forecasting - Dependence on economy
_hm   3/16/2013 8:32:56 AM
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Is forecasting in EE industry quite dependent on world and US economy? And economy is very difficult to predict, e.g. recent encounter of 2008 economy turmoil without much prediction. If this is true, how one can truly predict and trust forecast data without associated risk?

hash.era
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Stock Keeper
Re: crystal ball
hash.era   3/16/2013 1:34:14 AM
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Any item needs forecasting because with forecasting you can add some extra value to it. It was there at the beginning itself but the extra value was not that needed at that time but right now we need and that is why the importance of forecasting has risen. I think it's a good thing. 


FLYINGSCOT
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Supply Network Guru
crystal ball
FLYINGSCOT   3/15/2013 2:12:00 PM
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I wish I could share some words of wisdom but we are just as poor at forecasting.  Every new forecast has the typical hockey stick improvement but it rarely materializes.  The best an organization can do is to be agile enough to react better than the competition.



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