How Top Performers Improve Forecast Accuracy in Supply Chain Planning

The are numerous benefits of improved forecast accuracy in supply chain, including better results on customer service key performance indicators (KPIs) such as faster cycle time, operational KPIs such as fewer expedited orders, and business KPIs such as improved inventory management.

If forecast accuracy can improve these results, the question then becomes, “How?” Or better yet, what do top performing organizations do differently from others? This article draws on APQC’s Open Standards Benchmarking® data in Supply Chain Planning to examine what forecast accuracy looks like for top performers and then showcases the practices that those top performers have adopted to achieve that level of performance.