The Art and Science of Forecasting (Video)
Forecasting is a critical supply chain activity that links information on services and commodities from the facility level with program policies and plans at the national level, and is then used to inform higher level decision making on the financing and procurement of commodities. Forecasting is a complex activity in that it involves using hard data to make mathematic calculations, but it also involves using contextual clues to make judgments and predictions. The dual use of both "art and science" in the forecasting process is the main focus of this video. The video combines animated teaching segments with commentary from field experts who share their wisdom, experiences, and advice on this interesting topic.