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

Lock

Sorry! Not all users have access to all of our resources.

Want to unlock access to all of our resources?

Learn about Membership Arrow with stem
Measure Category:
Process Efficiency
Measure ID:
107397
Total Sample Size:
800 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
Yes
Sample image showing interactive filters for more detailed measure peer group data and an interactive graph.

Compute this Measure

Units for this measure are percent.

Back to Top
Average monthly supply chain forecast accuracy

Key Terms

There are no key terms associated with this measure.
Back to Top

Measure Scope

Back to Top

Cross Industry (7.4)

  • 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)