Forecast Accuracy
Supply Chain
Forecast Accuracy
Degree to which forecast values match actual demand, measured with metrics such as WAPE or MAPE.
Examples
- 01Forecast accuracy for the main product family is 82 %, measured with WAPE over the last three months.
- 02The monthly S&OP review shows forecast accuracy by product family, with the lowest scores discussed first.
- 03When forecast accuracy for new products is poor, planning holds more safety stock until a demand history exists.