The primary benefit of benchmarking is to check the overall health of your forecasting efforts. This health check is not only important, but also essential to an organization's long term forecasting success enabling you to measure your current position against industry standards.
Table of contents:
- Why Benchmarking?
- Data Used
- Why Forecast Error?
- Improving Forecasts
- Characteristics of Errors
- Forecasting Errors When All Industries Are Combined
- Forecasting Errors in the Consumer Products Industry
- Forecasting Errors in the Food & Beverages Industry
Other Upcoming Events & Trainings
June 14 - 16, 2023
Chicago, Illinois USA
w/ Fundamentals of S&OP/ IBP Tutorial...
July 18 – 20, 2023
Improve FP&A, financial forecasting and budgeting with S&OP/IBPw/ Fundamentals of Forecasting & Planning Workshop...
AUGUST 9-11, 2023
Nashville, Tennessee USA
Supply Chain Planning Training Course w/ 1-Day S&OP/IBP & Demand Management Workshop...