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
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...
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...