How to Improve Demand Forecast Accuracy

A well established fact is that improved forecast accuracy leads to many downstream improvements not only in operations, but in a variety of business areas such as customer service and asset management. This white paper concerns itself with the improvement of forecasts that support the management of a company’s supply chain. Inevitability, this leads to a focus on improving the product stocking levels or SKU forecast which drives procurement and manufacturing planning. These effects can even be seen in a lean environment where forecasts are needed for rough cut planning.

The methods covered in this white paper will lend themselves to the classic make-to-stock (MTS) environment where operational and financial efficiency of a company is largely driven by forecast accuracy.

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