Tag: Forecast Accuracy
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Aligning Demand Planning with Sales & Ops Planning (S&OP)
Supply chain management is a complex dance, with demand planning and Sales & Operations Planning (S&OP) as its key moves. Demand planning predicts what customers want, while S&OP ensures the entire business is geared up to meet that demand. When these processes sync, the results can be impressive—but getting there requires effort. Why Integration Matters… Read more
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Best Practices for Accurate CPG Demand Planning
In the world of Consumer Packaged Goods (CPG), demand planning is crucial. Get it right, and you’ve got happy customers and a strong bottom line. Get it wrong, and you’re stuck with excess stock or scrambling to meet demand. Here’s how to sharpen your demand planning skills and keep your supply chain running smoothly: Learn… Read more
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Essential Metrics for Successful Demand Planning
In demand planning, you can’t manage what you don’t measure. Tracking the right metrics is essential for understanding your forecasting performance and making smart decisions across your supply chain. Let’s break down the most critical metrics, how to calculate them, and why they matter. Forecast Accuracy Mean Absolute Percentage Error (MAPE) Bias Tracking Signal Inventory… Read more
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How AI is Revolutionizing Demand Planning in the CPG Industry
The Consumer Packaged Goods (CPG) industry is experiencing a major transformation in demand planning, driven by rapid advancements in Artificial Intelligence (AI). This technology isn’t just improving existing methods—it’s completely reshaping how we forecast demand and manage inventory. Why AI Matters in Demand Planning AI brings significant advantages to demand planning: Key AI Tools in… Read more
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Understanding the Basics of CPG Demand Planning
What is CPG Demand Planning? Demand planning in the Consumer Packaged Goods (CPG) industry is all about predicting customer demand. It’s a mix of analyzing past sales, understanding market trends, and using business insight to ensure you have the right products at the right time. Why Demand Planning Matters Key Metrics for Success To excel… Read more