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Demand Forecasting knowledge

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Here is a selection of knowledgebase and blog articles on demand forecasting, measuring forecast accuracy, tips and tricks for building more accurate forecasts:

5 methods for measuring demand forecast accuracy

Demand forecast accuracy measurement

Different ways for measuring demand forecast accuracy...

Forecastability - using the best forecast methods for different items

Forecastability categorisation of forecast items

How to categorize your skus based on their demand profile. Apply a different approach to each type...

6 key components of an integrated demand forecasting solution

6 key components of a demand forecasting solution

Here's what to look out for when designing an integrated demand forecasting solution for your business...

Statistical forecasting - for and against

Statistical forecasting - when to use it and how and when it may fail

When you should, and more importantly shouldn't use statistical forecasting in your demand forecast...

Automated forecast adjustments

How Prophecy can automatically adjust your forecasts based on recent actual versus forecast history

Apply rules to adjust short term forecast based on recent actuals versus forecast...

Making the forecast conform to your business rules

Use rules to manage forecasts and prevent errors

How do you catch missing prices or costs?  How do you ensure forecasts are multiples of pallet quantities or minimum order quantities?...

Forecasting guidelines for coping with the pandemic

Forecasting during a pandemic.

Recommendations for forecasting during 'black swan' events...

Approaches to Demand Forecasting

Considerations for designing a forecasting process

What should you consider when designing your forecasting process and selecting a software solution?...

"Why do we need specialised software for our demand forecasting process?

The case for a purpose-built demand forecasting solution

The process to sales  forecasts per sku is a complex, multi-user exercise...

Why applying the Pareto rule makes better forecasts

How to use Pareto (the 80:20 rule) to improve forecasting accuracy

Use the Pareto (80/20) concept to improve your forecast accuracy...

Judgemental forecasting

The role of judgemental forecasting in a demand planning process

Discussing the role of judgemental forecasting and its implications on forecasting software..

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