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FORESIGHT, Issue 42
Special Feature: Forecasting: Academia vs Business
Forecasting: Academia versus Business by Sujit Singh
Sujit Singh references a recent discussion on LinkedIn: Is there a disconnect between the academic and the business world when it comes to forecasting? His answer is to report what he sees in the marketplace pertaining to types of forecasting research and the gaps between such research findings and the questions raised by practitioners in the forecasting field.
- It Takes Two to Tango, John E. Boylan and Aris Syntetos
- Academic Frameworks for Practitioner Use, Paul Goodwin
- Refocusing Forecasting Research, Michael Gilliland
- Research Needed on Advisory Forecasts, John Mello and Joseph Roy
- Two Sides of the Same Coin, Fotios Petropoulos and Nikolaos Kourentzes
- The End vs. the Means, Steve Morlidge
- The Incentives Gap, Alex Hancock
- That Feeling for Randomness, Stephan Kolassa
- An S&OP Communication Plan: The Final Step in Support of Company Strategy by Niels Van Hove
Over the past 30 years, S&OP has generally advanced beyond the goals of balancing supply and demand. In recent Foresight articles, Mark Moon and Pete Alle (Spring 2015) discussed the integration of finance and senior leadership into supply-chain planning, while Dean Sorensen (Winter 2016) detailed the ways in which S&OP can and should be broadened to encompass enterprise-wide planning and performance management. We are seeing that mature S&OP processes now support rolling forecasts, enterprise resource reallocation, and strategy execution. In this article, however, Niels van Hove argues that to keep employees informed, engaged, and focused on executing strategy, S&OP outcomes must be communicated properly. He calls for a variety of communication channels, both structured and informal.
Included: Forecaster in the Field -Niels Van Hove
- Step Aside, Climate Change – Get Ready for Mass Unemployment by Ira Sohn
A short-term uptick in the unemployment rate is a well-known symptom of modern business-cycle downturns, receding after the medicine to treat the temporary illness is applied to the patient. Since World War II, most developed countries—and, increasingly, many successful developing countries as diverse as Chile and China —have applied a mix of tax, expenditure, and interest-rate policies to reduce cyclical rates of unemployment to politically acceptable levels and to ensure a return to long-term economic growth rates.