Forecastability
- 07 Jan 2025
- 1 Minute to read
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Forecastability
- Updated on 07 Jan 2025
- 1 Minute to read
- Contributors
- Print
- DarkLight
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Forecastability
The Forecastability dashboard allows you to analyze key forecasting metrics such as forecasted quantity, order quantity, forecast accuracy, bias, and forecast value add (% FVA). What sets this dashboard apart is its ability to break down these metrics by different classification methods, offering valuable insights based on specific attributes of products.
| Metric | Definition |
|---|---|
| ABC Classification | Grouping products based on their revenue contribution, focusing on the most impactful products. |
| Segmentation | Classifying products based on both their ABC category and their forecastability to help prioritize resources. |
| Life Cycle | Evaluating the stage of each product in its life cycle, from active to end-of-life, to customize strategies accordingly. |
| Demand Pattern | Analyzing historical demand behavior to understand patterns and better anticipate future demand. |
If you want to see more detailed definitions and calculations for each metric, you can find this information in the Data Manager section within the platform.
