Learn how successful demand-driven companies are approaching the demand forecasting process! During this session, we cover some forecasting essentials, help you better understand demand influences and their effects, explore various methods for using downstream data to improve the demand planning process, and discuss the key elements of a continuous forecast improvement plan. In addition, we share some best practices in generating baseline forecasts and leveraging analytics to measure forecast accuracy, improve forecasts over time, and better manage requirements related to manufacturing, inventory control and customer service.
Demand forecasting is one of the most difficult processes to manage and perhaps one of the most important processes to affect many downstream activities, as well as the overall efficiency of the business. In this session, we explain some approaches for establishing a practical forecasting process, evaluate various forecasting methodologies, share some industry benchmarks for success, and discuss key measurements that should be used in controlling the forecasting process.