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:
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Widget
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Description
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The count of SKU-Streams that are planned in the system, with External Indicator = yes and Use In Total = yes
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The count of demand outliers adjusted in the system
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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
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Units and Values charts that compare Total Demand and Forecast of the system.
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Units and Values charts that compare Total Demand and Forecast of Smooth, Intermittent and Erratic demand categories.
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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
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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
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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
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A chart that shows a time-series count of Total SKU-Streams and the % of SKU-Streams that have forecast adjustments.
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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
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A chart that shows a time-series view of Forecast Methods of forecast streams that were used to calculate composite forecast.
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