Demand Forecast: Forecast Accuracy and Bias

Accuracy of demand forecast is measured by tracking actual sales against forecast quantity on monthly basis. The forecast bias is calculated in terms of dollar...

  • Data Analytics

Demand Forecast: PBOM (Planning BOM)

In the context of highly configurable final products, Planning BOMs (Bill of Materials) are crucial for accurate demand forecasting and material requirement planning (MRP). A...

  • Machine Learning