Improving Forecast Accuracy through Talent Management

The vast majority of articles focus on the tools or processes required to increase forecast accuracy. There is another—even more—contributing factor to which any organization can be attentive that will not only improve the demand plans but also demand planning. This article focuses on the people part of demand planning and helps show how to achieve effective demand planning by instituting a best-in-class talent management strategy. We will look at the four key pillars in effective talent management, how they relate to demand planning, and how they can be utilized.