How Can You Improve Your Forecasting Metrics and Process without Sophisticated Algorithms?

Developing descriptive analytics can help identify focus areas to improve demand planning KPIs and process efficiency

Introduction

Demand planning is at the forefront of an Integrated Business Planning (IBP) process. The outcomes from this stage form the basis for other stages (e.g. supply planning, production planning). This stage usually begins with the generation of a statistical forecast based on historical sales and combining it with sales inputs to arrive at an initial baseline forecast. …

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