How can you construct a more robust forecast?

6 step guide to significantly increase the quality of your forecasts

What steps can you take to improve the accuracy and relevance of your demand forecasts?

Given the volatile nature of demand coupled with the influence of seasonality and ever-evolving product lifecycles, developing a robust forecast is often fraught with difficulty.

To help you increase the quality of your forecasts, we have put together a simple 6 step guide. Written by Slimstock’s inventory & forecasting expert, Steven Pauly, this guide is designed to help you overcome the following challenges:

• Choosing the right forecast procedure
• Identifying the cause of forecast error
• Accounting for evolving product lifecycles
• Taming the bullwhip effect
• Maintaining the responsivness forecast