The Planner’s Guide to Demand Planning Best Practices: What Adds Value and What Doesn’t Demand planners in manufacturing are the backbone of efficient supply chains, ensuring the delicate balance between supply and demand, optimizing resources, and maximizing customer satisfaction. However, many planners often find themselves stuck in tasks that consume time but deliver minimal strategic […]
Forecast Value Add (FVA) is a critical metric in supply chain and demand planning that measures the incremental improvement (or degradation) in forecast accuracy resulting from each step in the forecasting process. FVA quantifies the value added—or subtracted—by various inputs, methods, or adjustments, such as statistical models, manual overrides, or external data integrations. In essence, […]
What is forecastability analysis? In essence, forecastability analysis refers to appraising your company’s demand scheduling challenges while helping employees focus on addressing demand variability. This process entails segmenting items in various unique ways so that you can establish and apply the appropriate supply chain policies for production and inventory management and inventory planning. You can […]
Effective demand planning is a cornerstone of successful Sales and Operations Planning (S&OP). Yet, manufacturers frequently face challenges in demand planning that derail efficiency, collaboration, and accuracy. Addressing these challenges requires a clear understanding of the obstacles and practical strategies to overcome them. 1. Data Quality Challenges in Demand Planning The Problem:Demand planners often rely […]
