Average monthly demand forecast accuracy

This measure calculates your business entity supply chain's average monthly demand forecast accuracy. Forecast accuracy is a measurement comparing the forecasted demand to the actual demand for a specific time period. This Process Efficiency measure is intended to help companies minimize waste and refine resource consumption related to the process "Manage demand for products and services".

Benchmark Data

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Measure Category:
Process Efficiency
Measure ID:
107397
Total Sample Size:
800 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
Yes
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Compute this Measure

Units for this measure are percent.

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Average monthly supply chain forecast accuracy

Key Terms

There are no key terms associated with this measure.
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Measure Scope

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Cross Industry (7.3.1)

  • 4.1.2.1 - Develop baseline demand forecasts (10235)
  • 4.1.2.2 - Collaborate demand with customers (10236)
  • 4.1.2.3 - Develop demand consensus forecast (10237)
  • 4.1.2.4 - Determine available to promise (10238)
  • 4.1.2.5 - Monitor activity against demand forecast and revise forecast (10239)
  • 4.1.2.6 - Evaluate and revise demand forecasting approach (10240)
  • 4.1.2.7 - Measure demand forecast accuracy (10241)