Forecast Analysis
The Forecast Analysis dashboard is designed to help you analyze the following:
• Total demand and forecast in the system for different demand categories such as Smooth, Intermittent, and Erratic
• The over or under forecasting in each demand category using Bias and Bias Value
• The Forecast Accuracy for different demand categories
• The trend of the Forecast Method counts and Forecast Adjustments
This dashboard can help you answer business questions such as:
• What is the comparison of overall trend of demand and forecast in units or values?
• What is the count of SKU-Streams in each demand category and their Bias and Bias Values?
• What is the count of SKU-Streams that have low, medium, or high forecast accuracy in each demand category?
• What is the count of under and over forecasted SKU-Streams in each demand category?
• What is the trend of Planner overrides on the Forecast Adjustment?
• Which forecast method is used for most of the SKU-Streams in the system?
The information on this dashboard is grouped into the following widgets:
Widget | Description |
|---|---|
The count of SKU-Streams that are planned in the system, with External Indicator = yes and Use In Total = yes | |
The count of demand outliers adjusted in the system | |
Forecast Category (TS): A pie chart of the count of SKU-Streams in the following groupings: • Over (Tracking Signal < - 0.5) • Under (Tracking Signal > 0.5) • Accurate (Tracking Signal between -0.5 and 0.5 • Not Calculated Demand Category: A pie chart of the count of SKU-Streams in the following demand categories: • Smooth • Intermittent • Erratic | |
Units and Values charts that compare Total Demand and Forecast of the system. | |
Units and Values charts that compare Total Demand and Forecast of Smooth, Intermittent and Erratic demand categories. | |
Total absolute Bias and Bias Value of all the under and over forecasted SKU-Streams for Smooth, Intermittent, Erratic demand categories Click the bar chart to open the Forecast Error Analysis dashboard, populated with selected Demand Category and Bias | |
Count of SKU-Streams where Forecast Accuracy is Low (FA <= 25%), Medium (FA between 26% and 75%) and High (FA > 75%) for Smooth, Intermittent, Erratic demand categories Click the bar chart to open the Forecast Error Analysis dashboard, populated with selected Demand Category and Forecast Accuracy | |
Count of SKU-Streams where Tracking Signal shows it is Under (TS > 0.5), Over (TS < - 0.5), Accurate (TS between -0.5 and 0.5) for Smooth, Intermittent, Erratic demand categories Click the bar chart to open the Forecast Error Analysis dashboard, populated with selected Demand Category and Tracking Signal | |
A chart that shows a time-series count of Total SKU-Streams and the % of SKU-Streams that have forecast adjustments. | |
A chart that shows a time-series view of Forecast Methods used for forecasting of forecast streams with External Indicator = yes and Use In Total = yes | |
A chart that shows a time-series view of Forecast Methods of forecast streams that were used to calculate composite forecast. |