12 Forecast value added
This chapter will show you how to improve your forecasting accuracy (efficacy) and reduce your teams’ workload (improving efficiency) using the Forecast Value Added Framework. Two birds, one stone.
As we will discuss in the conclusion, Forecast Value Added (FVA) doesn’t require massive investment. Its ROI will likely outshine any other demand planning improvement projects. Implementing it should be a priority and the cornerstone of your demand planning improvement journey.
To present this framework, let’s imagine the following scenario: you are managing the demand forecasting process of your supply chain. The supply chain ...
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