Webcast: Leveraging Behavioral Economics in S&OP

Learn how to improve your demand planning performance by reducing the human bias in your team (How about something shorter like: Are your team’s biases impacting your demand planning performance?

S&OP is inherently a people-based process and a team effort, enhanced by technology. Members of the S&OP team bring their experience to the table every time they sit down to make and review a plan.

Yet, those biases can impact your supply chain’s performance, especially if they impact the way planners interpret data and create plans. Jonathon Karelse, the CEO of NorthFind Management, has worked with a number of global companies, to identify and mitigate the factors holding back the performance of planning performance.

In this special webinar, he’ll discuss a four step plan for your organization. They include:

• Test for individual biases; by making unconscious biases conscious, we can take corrective action.
• Employ standardized Demand Planning and forecasting processes - including Forecast
• Value Add and measuring human overrides and decisions.
• Train consistently on best practices, including Behavioral Economics, biases and heuristics.
• And, create a diverse team with robust technical skills and differing personalities.

Sponsored by:

Recording Date: March 18, 2021
Panelists: Jonathon Karelse - CEO - NorthFind Management

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