Structuring Demand Planning Processes with ABC-XYZ-Analysis increases Accuracy & reduces Workload
Published 17 April 2008
FORECASTING SUCCESS STORY: Structuring Demand Planning Processes with ABC-XYZ-Analysis increases Accuracy & reduces Workload
Mutual research with Beiersdorf AG, Hamburg, Germany & SMD Textiles, Preston, UK
The Forecasting Centre extended the technique of ABC-Classification towards simultaneously structuring the forecasting complexity through XYZ-analysis with some of their corporate partners. The new tool – fully embedded in software – can be used to better define key-performance indicators, drive judgmental adjustments to statistical baseline forecasts, and compare forecasting accuracy of individual demand planners across assortments, regions and customers. Presentations at conferences including ISF’08 in Nice, France, and IBF’08 in Amsterdam, Netherlands, received substantial attention from practitioners.
For additional information pleas contact Dr. Sven F. Crone, deputy director of the Lancaster Centre for Forecasting.
