Demand Planning And Forecasting
Our Demand Planning and Forecasting Package revolutionizes the way you handle data to achieve the best possible forecasting outcomes. With a robust performance tracking system in place, we offer a range of powerful tools and services to help you get there, including triangle segmentation analysis, a blueprint for demand planning processes, forecast-ability analysis, MR. FOREC tool, adjustment reason-code box, standardized scorecards with Key Demand Indicators (KDIs), and demand planning and forecasting workshops.
We also offer a best-fit system requirement process for clients who want to automate their processes through software investment. Choose Knowhow to optimize your forecasting and planning processes today!
| Sections | Explanation |
| Triangle Segmentation Analysis | At Knowhow, we pride ourselves on our unique data analysis strategy that standardizes the data management process, increasing the quality of data used in the forecasting process. Our Triangle Segmentation Analysis investigates data from three dimensions of product, channel, and region/country, and then segments the data based on SKU characteristics such as newly launched, promotional, volatile, seasonal, fast-moving, moderate-moving, and slow-moving. This analysis empowers planners to make faster, more informed decisions and generate more accurate forecasts. Experience the power of our innovative data analysis strategy with Knowhow today. |
| Blueprint of existing Demand Planning Process | Our team specializes in optimizing demand planning processes for businesses. We conduct a thorough analysis of your current processes by collecting and analyzing data, including information on promotions and special events. Our experts generate forecasts at SKU, brand, category, and division levels, and make necessary adjustments to ensure accurate order and sales targets. We provide a comprehensive review of your existing process, highlighting its strengths and weaknesses, and identifying areas for improvement. Based on industry benchmarks, we offer recommendations for KPIs that will help your business achieve optimal results. Let us work with you streamline your demand planning process and increase efficiency and profitability. |
| Forecast-ability analysis & Implementation | Our team specializes in optimizing demand forecasting for businesses by analyzing the forecast-ability of your product portfolio at the SKU level based on three-dimensional criteria: SKU level characteristics, life cycle, and demand variation. We classify each SKU based on its ability to be accurately forecasted and develop customized forecasting strategies for each class of Low-, Mid-, and High-Forecastability. Our strategies are designed to help your business achieve optimal results by maximizing the accuracy of your demand forecasts. Let us help you identify areas of improvement and develop strategies tailored to your business needs. |
| Mr. Forec Forecasting Model | Our team offers a comprehensive forecasting solution for businesses. Using the results of our forecasting analysis, we provide our clients with Knowhow’s Forecasting Tool an easy-to-use, customizable, and excel-based forecasting methodology tool. This tool considers external information required to generate accurate forecasts and allows for easy customization based on your business needs. Our forecasting tool is designed to help businesses of all sizes achieve their goals by providing accurate demand forecasts. Let us support you simplify your forecasting process and improve the accuracy of your forecasts with our user-friendly tool. |
| Adjustment Reason-Code Box | Demand planning is a complex process that involves various internal and external factors that can cause demand variation. Adjusting forecasts without proper documentation of the rationales behind the adjustments can lead to inaccuracies and complexity. To address this problem, our team has developed a standardized and customizable reason-code box that allows planners to record the rationales for their adjustments. This tool helps to improve forecast accuracy by providing a historical record of the factors that have affected demand in the past, both internally and externally. Our reason-code box enables businesses to streamline their forecasting process and make better-informed decisions based on accurate historical data. |
| Key Demand Indictors (KDIs) Scorecard | Key Demand Indicators (KDIs) is Knowhow’s standardized Demand Planning and Forecasting scorecard, designed to improve the performance of demand planning for any organization. Our team can customize KPIs based on the needs of the client and revise benchmarks accordingly. The KDIs scorecard includes a range of metrics, including but not limited to forecast accuracy, tracking signals, bias, mean absolute deviation (MAD), mean squared error (MSE), root mean squared error (RMSE), mean absolute percentage error (MAPE), and symmetric mean absolute percentage error (SMAPE). With our KDIs scorecard, businesses can measure the forecasting performance against industry benchmarks and identify areas for improvement. |
| Demand Planning & Forecasting Workshop | Our team offers a comprehensive 2-to-5-day workshop for businesses that aims to teach demand planning and forecasting methodologies and techniques. The workshop is designed to share guidelines with planners to improve their demand planning skills and optimize their forecasting process. Our expert trainers will provide hands-on training and equip planners with the tools and knowledge needed to develop accurate demand forecasts. By attending our workshop, planners will learn best practices for demand planning, forecasting, and analysis. |
| Demand Planning & Forecasting Software & Implementation | For businesses that have already standardized their demand planning and forecasting practices, it may be time to consider automating the operations. Our team can help by developing a best-fit system requirement process that meets the needs of clients at an optimal level. We will work with you to identify the key requirements and features needed for your business and develop a customized solution that fits your unique needs. Our experienced team will lead the implementation of the software, ensuring a seamless transition to the new system. By automating your demand planning and forecasting processes, you can streamline operations, reduce errors, and improve accuracy. Let us help you take the next step in optimizing your demand planning and forecasting operations with our reliable and efficient system solutions. |