Best Practices for Demand Forecasting

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How to improve forecasting accuracy in supply chains?
In this webinar, I discuss which best practices to apply when forecasting demand in supply chains.
Here is the step-by-step guide to demand forecasting excellence:
1. Pick the right granularity and horizon
2. Collect demand (and not sales)
3. Use meaningful forecasting metrics
4. Track Forecast Value Added

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Опубликовано:

1 ноя 2021

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Комментарии : 6

@mariamasillah522 2 года назад

THANK YOU

@danielessiet4063 7 месяцев назад

Please which certification would you recommend for a demand planner?

@nwabuezeprecious457 Год назад

How do you capture a demand for a manufacturer in a b2b setting. As orders are been placed and stored in the erp system. Do you use the quantity of order placed as the are intermittent in nature.

@nicolasvandeput-SupChains 6 месяцев назад

Track historical orders (and even preorders) and censor periods with shortages: nicolas-vandeput.medium.com/forecasting-demand-despite-shortages-fee899120c08

@prasvasu4217 Год назад

I just have a question on the first one; why do we focus til' M5; why not further and then how further do we forecast? Like a dynamic programming problem; we can keep focusing til' the end of the planning horizon to assess what's a good position at M5, M4,... right?

@nicolasvandeput-SupChains Год назад

Hello Pras, You have two problems: - On which horizon should you focus your forecasting effort - On which horizon should you focus your planning effort For both, if you use models (anything automated), you could do as much as possible. But if you need human resources (to do the baseline or enrich a model), you'll have to focus on what's the most important. You only have limited time/resources.