Improving Demand Forecast Accuracy Series: Understanding Why You’re Measuring Accuracy

CHALLENGE Since the introduction of the concept of Demand Planning, forecast accuracy has been a key measure in assessing the performance of planning organizations.  Recently, companies have been asking how and where forecast accuracy measures can provide an advantage across the broader organization.  When performing an assessment on a mature planning solution, one of the standard questions should be: What … Read More

Improving Demand Forecast Accuracy Series: Categorizing and Managing Forecast Accuracy Objectives

By Jeff VanDeursen, Sr. Solution Architect CHALLENGE Many organizations assign a product to a category or group, either at product introduction or solution Go-Live, depending on the age of the solution. As items move through the product lifecycle, they can encounter a change in characterization of sales volume and inventory movements. If an organizations neglects to identify and update the categorization … Read More

How to Improve Demand Forecast Accuracy

By Jeff VanDueusen, Senior Solution Architect CHALLENGE At one point or another, nearly all organizations struggle with forecast accuracy and the role it plays in the organization.  There are many different ways to measure and interpret forecast accuracy across an organization, and different segments of the organization can view and perceive a forecast accuracy measure in different ways.  This is … Read More