Improving Forecast Accuracy Webinar

Improving Forecast Accuracy
Thursday, March 24, 2011 2:00 PM - 3:30 PM EDT
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A forecast is a prediction of how much a product you will sell, transfer, consume or otherwise use in a specific future time period. An accurate forecast is a key element in determining when to replenish the stock of a product and the quantity to order. In this session we will examine:

  • How to properly calculate the accuracy of your demand forecasts
  • The different “elements" of a good demand forecast
  • How different patterns of usage require different forecasting formulas
  • Characteristics of products that cannot be forecast
  • How to utilize information from the market, salespeople and customers in developing an accurate demand forecast

Join us to discover how better demand forecasting can improve the productivity and profitability of your investment in stock inventory.

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