Tag: Forecasting Alerts

Forecasting SCM - Supply Chain Collaboration

Forecast Error Benchmarking Across Various Industry – Survey Results

Rohan Asardohkar

we started conducting the survey across supply chain and demand planning professionals from various industries. This survey was meant to compile information about their pain points, forecast error metrics they use, industry they work for, and who owns the demand planning function. We are publishing the first installment of the results from this survey in this newsletter.

As expected one of the metrics used by 52% of the respondents is WMAPE or volume weighted MAPE, calculated as Sum of Absolute errors divided by sum of actual demand.

Aggregate Planning

Demand Planning = Unlocking Stat Models + Engaging your Sales Force!

Dr. Chockalingam

Demand Planning Net offers a service called Usability consulting where we improve the usability of your statistical tool by performing model tuning, setting the right tool parameters and finally training the planners in statistical modeling. Demand Planning Net has worked with clients helping them leverage the statistical features in their software applications.

• Most applications inherently have the analytical power to develop effective baseline forecasts.

• Most software tools allow you to create exception thresholds so you can streamline the forecasting process by exception.