Demand Forecasting Best Practices

  • 2h 57m
  • Nicolas Vandeput
  • Manning Publications
  • 2023

Lead your demand planning process to excellence and deliver real value to your supply chain.

In Demand Forecasting Best Practices you’ll learn how to:

  • Lead your team to improve quality while reducing workload
  • Properly define the objectives and granularity of your demand planning
  • Use intelligent KPIs to track accuracy and bias
  • Identify areas for process improvement
  • Help planners and stakeholders add value
  • Determine relevant data to collect and how best to collect it
  • Utilize different statistical and machine learning models

An expert demand forecaster can help an organization avoid overproduction, reduce waste, and optimize inventory levels for a real competitive advantage. Demand Forecasting Best Practices teaches you how to become that virtuoso demand forecaster.

This one-of-a-kind guide reveals forecasting tools, metrics, models, and stakeholder management techniques for delivering more effective supply chains. Everything you learn has been proven and tested in a live business environment. Discover author Nicolas Vandeput’s original five step framework for demand planning excellence and learn how to tailor it to your own company’s needs. Illustrations and real-world examples make each concept easy to understand and easy to follow. You’ll soon be delivering accurate predictions that are driving major business value

about the technology

An expert demand forecaster can help an organization avoid overproduction, reduce waste, and optimize inventory levels for a real competitive advantage. This book teaches you how to become that virtuoso demand forecaster.

about the book

Demand Forecasting Best Practices reveals forecasting tools, metrics, models, and stakeholder management techniques for managing your demand planning process efficiently and effectively. Everything you learn has been proven and tested in a live business environment. Discover author Nicolas Vandeput’s original five step framework for demand planning excellence and learn how to tailor it to your own company’s needs. Illustrations and real-world examples make each concept easy to understand and easy to follow. You’ll soon be delivering accurate predictions that are driving major business value.

About the Author

Nicolas Vandeput is a supply chain data scientist, the founder of consultancy company SupChains in 2016, and a teacher at CentraleSupélec, France.

In this Book

  • About This Book
  • Demand Forecasting Excellence
  • Introduction to Demand Forecasting
  • Capturing Unconstrained Demand (And Not Sales)
  • Collaboration: Data Sharing and Planning Alignment
  • Forecasting Hierarchies
  • How Long Should the Forecasting Horizon Be?
  • Should We Reconcile Forecasts to Align Supply Chains?
  • Forecasting Metrics
  • Choosing The Best Forecasting KPI
  • What Is a Good Forecast Error?
  • Measuring Forecasting Accuracy on A Product Portfolio
  • Forecast Value Added
  • What Do You Review? ABC XYZ Segmentations and Other Methods
  • Statistical Forecasting
  • Machine Learning
  • Judgmental Forecasting
  • Now It’s Your Turn!
  • References
SHOW MORE
FREE ACCESS

YOU MIGHT ALSO LIKE

Course Predictive Analytics: Predicting Responses to Marketing Campaigns
Rating 4.8 of 8 users Rating 4.8 of 8 users (8)
Book End-to-End Observability with Grafana: A Comprehensive Guide to Observability and Performance Visualization with Grafana
Audiobook OKRs For Dummies

PEOPLE WHO VIEWED THIS ALSO VIEWED THESE

Course Senior Professional in Human Resources: Introduction to SPHR(r)
Rating 4.6 of 175 users Rating 4.6 of 175 users (175)
Course Leadercamp on-demand: Active Leadership Series on Leadership
Rating 4.6 of 9 users Rating 4.6 of 9 users (9)
Book Data Mining and Predictive Analytics for Business Decisions: A Case Study Approach