#forecast classification

[value-chain-planning]

Value Chain Planning — Supply Chain Planning Consultants

Valtitude / Demand Planning LLC specializes in helping businesses improve their planning across their Value Chain.  We provide consulting services and solutions implementation in Demand Planning, Integrated Business Planning (IBP), S&OP and Supply Chain Optimization. 

Value Chain Planning involves a larger focus on planning across the entire value chain that includes the customers as well as suppliers - a collaboration with your customers could take the form of CPFR - Collaborative Planning Forecasting and Replenishment. 

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Demand Planning — Supply Chain Collaboration

Appreciate the importance of supply chain collaboration

Quantify the benefits of internal & external supply chain collaboration

Set up a collaboration process with your trading partners

Utilize the various collaboration methods & understand the pros and cons of each

Understand the key building blocks & challenges in creating a collaborative value chain

Calculate, Use & Interpret collaboration metrics & the partner collaboration scorecard

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation for Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization.

To know More, Visit Us:

https://demandplanning.net/supply-chain-collaboration/

[demandplanning-demandforecasting]

Demand Planning — Forecast Performance Metrics

Mean Absolute Percent Error

Forecast Bias

What do we learn from forecast errors?

Introduction to Exceptions Management

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation for Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization.

To know More, Visit Us:

https://demandplanning.net/demand-forecasting-training-workshop/

[demandplanning-accountbasedfore]

Demand Planning — Different methodologies

VMI, CMI, CPFR, and ABF are the different methodologies available for the manufacturer to collaborate with the customer. Which method to choose depends on the customer, the data availability, the systems infrastructure as well as the information needs of the collaboration process. These processes may be mapped out in a continuum of increasing complexity and benefits.

We can help you optimize these considerations and choose the right model of collaborative relationships.

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation for Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization.

To know More, Visit Us:

[demandplanning-businessplanning]

Demand Planning — VMI & CMI 

(Vendor Managed Inventory) are the process of managing the customer inventory and replenishing their stores and warehouses so optimal inventory is kept in the customer supply chain. The objective is to minimize stock-outs and costly production stoppages. The Co-managed Inventory Process is similar but more popular in the Manufacturer to Retailer model.

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation for Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization.

To know More, Visit Us:

https://demandplanning.net/planning/

[demand-planning-mape-bias]

Demand Planning — Definition of Forecast Error

Forecast Error is the deviation of the Actual from the forecasted quantity.

Error = absolute value of {(Actual – Forecast) = |(A – F)|

Error (%) = |(A – F)|/A

We take absolute values because the magnitude of the error is more important than the direction of the error.

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation for Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization.

To know More, Visit Us:

https://demandplanning.net/

[value-chain-planning-invent]

Value Chain Planning -Improved demand information to help the supply chain

A small effort on the demand side will result in tremendous benefits and improved demand information to help the supply chain. Even if the demand is highly uncertain, you can install a demand management process that will link itself to the retail or the final customer demand to help determine the order forecast for the lead time.

Yes, it is true you can achieve a 99% or more customer service level by keeping extremely high levels of inventory, especially if you are in the dark about your demand forecasts. Or, if the organization has no idea how customer demand is generated.

Valtitude formerly known as Demand Planning LLC provides specialized consulting for Demand Planning, S&OP, Sales Forecasting, and Supply Chain Optimization.

Our consulting expertise includes Operations Forecasting & Planning, Strategic Forecasting, Financial Planning & Budgeting, Inventory Optimization, Production Planning, and Detailed Scheduling.

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[value-chain-planning-product]

Value Chain Planning -Product Portfolio Management-Why we need to create segmentation?

This helps planners with planning priorities and brining attention of other stakeholders into consensus process. For an advanced demand planning team, segmentation helps to define the statistical modeling strategy e.g. for high volume products we can go with a custom advanced stat model for low volume a simple exponential would be a good starting point.

Valtitude formerly known as Demand Planning LLC provides specialized consulting for Demand Planning, S&OP, Sales Forecasting, and Supply Chain Optimization.

Our consulting expertise includes Operations Forecasting & Planning, Strategic Forecasting, Financial Planning & Budgeting, Inventory Optimization, Production Planning, and Detailed Scheduling.

To know More, Visit Us:

[value-chain-planning-analytics]

Value Chain Planning -Dashboards

Companies have been using dashboards for a long time - but most are manual and driven by a multitude of Excel spreadsheets.  We help you build insightful and interactive dashboards with our Planvida Cloud Analytics. Planvida is hosted on the cloud and comes with pre-configured dashboards for

Demand Analytics - Forecast Accuracy, MAPE, and Bias  

SCM Metrics and Analytics - Fill Rates, OTIF, Delivery metrics, Inventory Days on Hand, Schedule Adherence

Inventory Analytics - Safety Stock calculations, Inventory Targets, Obsolescence

See More Details:

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Value Chain Planning -Demand forecast accuracy

Since this is a balancing act, demand forecast accuracy summarily determines both your inventory levels and service levels. You can make a trade-off between the two for a given demand forecast error.

Higher the required service levels, higher are the needed inventory.

Lower the forecast accuracy, higher the needed inventory to attain a specific service level.

Valtitude / Demand Planning LLC specializes in helping businesses improve their planning across their Value Chain.  We provide consulting services and solutions implementation in Demand Planning, Integrated Business Planning (IBP), S&OP and Supply Chain Optimization. Value Chain Planning involves a larger focus on planning across the entire value chain that includes the customers as well as suppliers - a collaboration with your customers could take the form of CPFR - Collaborative Planning Forecasting and Replenishment.  Extending your value chain into your supplier ecosystem involves strategic sourcing programs.  

To know More, Visit Us:

[demandplanning-sales-operation]

Demand Planning — Sales and Operations Planning Process thrives 

The sales and Operations Planning Process thrives on collaboration and honest communication between key organizational players. This is a unique process embodying several information-sharing sessions and decision forums, with the final intent to generate an organizational Plan and key Sales and Operations issues for the top organizational manager to decide on.

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation in Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization. 

To know More, Visit Us:

[demand-planning-methodologies]

Demand Planning — Forecast Reconciliation

Key process driver is forecast reconciliation and a methodology to determine and analyze exceptions. Reconciliation can often be painful. And it can be made worse by a simplistic process lacking an exceptions methodology. Identifying major variances and diagnosing the root-causes for the variance can quickly result in plan consensus.

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation in Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization. 

To know More, Visit Us:

[demandplanning-market-plan]

Demand Planning — Determining Market Share

Share estimates of the total market can be done as an objective or a target market share estimate based on the promotional plans and budgets committed to achieving that share.

 The other option is to forecast consumption independently and derive the share through two different estimations, namely the market and the consumption.

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation in Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization. 

To know More, Visit Us:

[demandplanning-demandforecasting]

Demand Planning — Consensus Demand Plan

Dollarizing the Demand Plan

Category Forecasting & Top-down Demand Plan

Financial Plan and the “Gap” Process

Reconciling the bottom up & the top-down forecasts

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation for Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization.

To know More, Visit Us:

https://demandplanning.net/demand-forecasting-training-workshop/

[demandplanning-accountbasedfore]

Demand Planning — S&OP 

(Sales and Operations Planning) process helps the entire company to develop, understand and use a consensus forecast for operational Planning and enables a forum for understanding operational constraints and resolution to arrive at the agreed-upon operational Plan.

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation for Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization.

To know More, Visit Us:

https://demandplanning.net/planning/

[demandplanning-businessplanning]

Demand Planning — Collaborative Planning

Collaborative Planning is the process of planning, forecasting, and replenishing customer supply chain needs in a collaborative relationship between the supplier and the customer. 

Demand Planning Net specializes in helping businesses improve their planning across their Value Chain. We provide consulting services and solutions implementation for Demand Planning, Integrated Business Planning (IBP), Sales and Operations Planning (S&OP), and Supply Chain Optimization.

To know More, Visit Us:

https://demandplanning.net/planning/