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Consensus Forecast
Supply Chain

Consensus Forecast

Forecast agreed cross-functionally after combining statistical baseline, market intelligence and commercial inputs.

Examples

  1. 01The consensus forecast for next quarter starts with the statistical forecast of 12,000 units and adds 1,500 for a confirmed tender win.
  2. 02In the monthly S&OP meeting, sales, marketing, finance and operations agree on the consensus forecast by product family.
  3. 03When the consensus forecast is cut by 20 % mid-month, production, purchasing and logistics agree the same day on which orders to slow down.

Related terms

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