One-Number Plans are Bad Plans

Matt Hoffman, Vice President of Product and Industry Solutions, at John Galt Solutions
One-number plans are bad plans. A one-number forecast, for example, looks across the range of demand that might emerge in a period and decides to create a forecast that is mid-way between the most and the least demand that is apt to emerge. A probabilistic approach to planning would be better, but our supply chain tools have not supported this approach well.
Matt Hoffman, vice president of product and industry