DETERMINE WHEN YOUR FORECASTS ARE ‘GOOD ENOUGH’
Track the right metrics that are important to your business. Gain visibility into how accurate your demand forecasts are.
Arkieva Forecast Accuracy & Performance Management Solution
Discover Your Maximum Forecast Accuracy Level
Your forecasts are always wrong. The only way that you can improve forecasts is by tracking if your forecasts are good enough. It’s important to not just have the right metrics in place but also a process for continuously evaluating and improving processes after measuring results. Arkieva provides the ability to determine your maximum forecast accuracy level to help you determine when your forecasts are good enough.
Track Key Forecast Metrics Out-of-the-Box.
At Arkieva, our goal is to make forecast accuracy measurement as easy as possible. Arkieva Demand Planning Solutions are embedded with forecast accuracy dashboards that come with a variety of forecast metrics including:
- Mean Absolute Percent Error (MAPE)
- Mean Absolute Deviation (MAD)
- Volume Weighted MAPE
- Forecast Value Added (FVA)
- Time Phased Forecast Value Add (TPFVA)
- Forecast Bias
- Min-Max Inventory
Stay on track with up-to-the-second demand data from the drag-and-drop Arkieva demand planning dashboards to evaluate forecast accuracy and bias of each forecast input.
TOP FORECAST ACCURACY DASHBOARD KPIS TO TRACK
What are the Top Forecast Accuracy KPIs that Your Dashboard Should Have? In this webinar, we look at key forecast accuracy KPIs, as well as, how to create a strategic forecast accuracy measurement process.
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