Demand Forecasting Best Practices

13 What do you review? ABC XYZ segmentations and other methods

I want to review my demand forecast. Which product should I check first?

Forecasting models usually consider each forecast-item independently. Computing power is virtually unlimited, so you want your model to create the best possible forecast for every single product. On the other end, demand planners do not have the time to inspect every single product (in every single location, for every client). As a demand planner, you need to scale up from analyzing in detail one single item to working on a portfolio with thousands of SKUs. During each forecast exercise, you have the opportunity ...