Forecast Improvement Analysis

“How can we plan when the forecast is always wrong?”

There is one absolute truth in forecasting – the forecast will always be wrong. The key is to get it “close enough” to allow for meaningful planning. SCC’s Forecast Improvement Analysis provides an intensive examination of your business’s demand data and forecasting practices to provide concrete mechanisms for making your forecasts both easier to do and a more accurate basis for planning.

What Are the Benefits of Such an Analysis?

Forecast improvements lead to inventory reductions (from not making the “wrong” thing) as well as capacity increases (fewer breakins, more time making the right items instead of the wrong ones). Simultaneously, customer service levels will increase, since you’ll have the right material in the right place at the right time. Finally, since a reasonable forecast is the first step to a world-class Sales and Operations Planning process, this assessment will provide the foundation for future improvements in other supply chain processes.

Who Should Consider Such An Analysis?

Companies may be interested in improving their forecasts for many reasons. Perhaps you have recently installed forecasting software but do not feel that you are seeing the full benefit in your business. Or perhaps you are considering forecasting software and want to know what sorts of features to look for to meet your business’s needs.

Many businesses are putting a lot of effort into forecasting but seeing little benefit. SCC’s Forecast Improvement Analysis will show you how to expend less effort yet get better results.

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