Upcoming Demantra Webcast from Oracle

Another solution advisory webcast will be happening on 3rd June 09, this webcast comes again from newly build Oracle Support Community for Demantra Solutions. The subject for this webcast is "Optimizing worksheet Performance", more details for the webcast can be found under metalink note with document ID 801835.1. 

"Upcoming Demantra Solutions Advisor Webcasts

Advisor Webcasts offer a convenient way for you to interact with professional, technical, and application experts regarding topics such as troubleshooting tips, best practices, new release information and more.

Webcast: The Key to Optimizing Demantra Worksheet Performance

Topics will include:

• Java Plugin Settings
• Creating Worksheets in the optimal manner
• Backend Database Checks
• Application Server Settings
• Other options when your worksheet performance doesn't meet your needs

A short, live demonstration and question and answer period will be included. " 

You can register for this webcast from the link provided in the metalink note. (Id provided at the beginning of this post).

Forecasting Basics - revisited

Here is a good presentation on basics of Forecasting....

Forecasting APICS

Publish at Scribd or explore others: School Work Business & Economics Business & Law Non-fiction Presentations & Spre Business-Trade-and-C

Forecasting Basics: Qualitative Approach

Not always you as a Demand Planner have luxury of sitting on top of good amount of historical data for predicting demand of various products. For new products being introduced into the market and other scenarios when data available isn't sufficient, then one needs to utilize their judgement and intuition. This can be best addressed by using collective expert opinions in making forecasts and the process is called "Qualitative method" in forecasting. 

"Qualitative Techniques"Definition: "Estimating method that relies on expert human judgment combined with a rating scale, instead of on hard (measurable and verifiable) data."

Few known methods used are:

1. Expert Inputs

Sales, Marketing and Management folks bring expertise opinion towards making accurate forecast predictions. Even with quantitative forecast in place, Expert inputs can modify and adjust forecast numbers to improve it's accuracy. 

2. Delphi method

Experts anonymously answer a questionnaire, which is later revisited to review the responses. The process provides flexibility of revising their earlier answers based on the feed backs. This process leads to answers converging on every round and every time improving the accuracy. 

3. Analogy/Attribute/Assumption based Forecasting

Forecast based on analogy to similar products. 

4. Market Research

Creating forecast based on market &  sales analysis along with Consumer research on   products.

More reading material @

1. Forecasting Techniques, Part 2: Qualitative Methods

http://www.clickz.com/3623077

2. Measuring Forecast Accuracy : A Tutorial :  Qualitative Methods

 http://scm.ncsu.edu/public/forecasting/8qualitative.html

New Oracle Support Community for Demantra

Oracle Support team has provided another platform for collaborating with fellow consultants and experts on Demantra, at Oracle's new Community "Demantra Solutions". For all the metalink users, this community can come very handy to raise various issues faced for getting an answer from Oracle directly, or from community members. 

The community's documents scetion has Notes and Tips shared by experts on various Demantra issues and topics.  Another attractive feature of Demantra community is Webcasts done on regular basis on variety of topics. 

https://communities.oracle.com/portal/server.pt/community/demantra_solutions/231

Access the metalink, and go to the "Community" tab follow the instructions and you would reach this portal.