Forecast accuracy as a percentage of units shipped

Forecast accuracy compares forecasted demand to actual demand. This measure calculates it for products and/or families for markets/distribution channels in unit measurement as a percentage of units shipped. Forecast accuracy = (forecast sum - forecast variance) divided by forecast sum where: Forecast sum = the sum of the units forecasted. It is part of a set of Process Efficiency measures that help companies optimize the performance of their "plan for and align supply chain resources" process by minimizing waste and refining resource consumption.

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:
104175
Total Sample Size:
745 All Companies
Performers:
25th
- Median
- 75th
-
Key Performance
Indicator:
No

Compute this Measure

Units for this measure are percent.

Back to Top
Forecast accuracy as a percentage of units shipped

Key Terms

Back to Top

Process efficiency

Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.

Measure Scope

Back to Top

Cross Industry (7.3.1)

  • 4.1.1 - Develop production and materials strategies (10221)
    • 4.1.1.1 - Define manufacturing goals (10229)
    • 4.1.1.2 - Define labor and materials policies (10230)
    • 4.1.1.3 - Define outsourcing policies (10231)
    • 4.1.1.4 - Define capital expense policies (10232)
    • 4.1.1.5 - Define capacities (10233)
    • 4.1.1.6 - Define production network and supply constraints (10234)
    • 4.1.1.7 - Define production process (14193)
    • 4.1.1.8 - Define standard operating procedures (19551)
    • 4.1.1.9 - Define production workplace layout and infrastructure (14194)
  • 4.1.2 - Manage demand for products (10222)
    • 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)
  • 4.1.3 - Create materials plan (10223)
    • 4.1.3.1 - Create unconstrained plan (10242)
    • 4.1.3.2 - Collaborate with supplier and contract manufacturers (10243)
    • 4.1.3.3 - Identify critical materials and supplier capacity (10244)
    • 4.1.3.4 - Monitor material specifications (10245)
    • 4.1.3.5 - Generate constrained plan (10246)
    • 4.1.3.6 - Define production balance and control (14196)
  • 4.1.4 - Create and manage master production schedule (10224)
    • 4.1.4.1 - Model production network to enable simulation and optimization (20023)
    • 4.1.4.2 - Create master production schedule (20024)
    • 4.1.4.3 - Maintain master production schedule (17041)
  • 4.1.5 - Plan distribution requirements (17042)
    • 4.1.5.1 - Maintain master data (10252)
    • 4.1.5.2 - Determine finished goods inventory requirements at destination (10253)
    • 4.1.5.3 - Determine product storage facility requirements (19555)
    • 4.1.5.4 - Calculate requirements at destination (10254)
    • 4.1.5.5 - Calculate consolidation at source (10255)
    • 4.1.5.6 - Manage collaborative replenishment planning (10256)
    • 4.1.5.7 - Calculate and optimize destination dispatch plan (10258)
    • 4.1.5.8 - Manage dispatch plan attainment (10259)
    • 4.1.5.9 - Calculate and optimize destination load plans (10260)
    • 4.1.5.10 - Manage partner load plan (10261)
    • 4.1.5.11 - Manage cost of supply (10262)
    • 4.1.5.12 - Manage capacity utilization (10263)
  • 4.1.6 - Establish distribution planning constraints (10226)
    • 4.1.6.1 - Establish distribution center layout constraints (10267)
    • 4.1.6.2 - Establish inventory management constraints (10268)
    • 4.1.6.3 - Establish transportation management constraints (10269)
    • 4.1.6.4 - Establish storage management constraints (19558)
  • 4.1.7 - Review distribution planning policies (10227)
    • 4.1.7.1 - Review distribution network (10264)
    • 4.1.7.2 - Establish sourcing relationships (10265)
    • 4.1.7.3 - Establish dynamic deployment policies (10266)
  • 4.1.8 - Develop quality standards and procedures (10368)
    • 4.1.8.1 - Establish quality targets (10371)
    • 4.1.8.2 - Develop standard testing procedures (10372)
    • 4.1.8.3 - Communicate quality specifications (10373)