Sell In vs Sell Through
When it comes to managing inventory and forecasting demand, two terms often come up: sell in and sell through. While they may sound similar, they play very different roles in your supply chain
Demand Forecast
Mean Absolute Error (MAE)
MAE (Mean Absolute Error) measures the average difference between your predictions and actual values, ignoring the direction of the error.
Mean Absolute Percentage Error (MAPE)
MAPE (Mean Absolute Percentage Error) is a simple metric that tells you how far off your forecasts are, on average, in percentage terms. A lower MAPE means your forecasts are more accurate, while a higher MAPE suggests there’s room for improvement.
Forecast KPI
Forecasting is the backbone of supply chain management. By measuring how accurate your predictions are, you can make better decisions, manage inventory more efficiently, and ultimately boost your bottom line.
Time Series Analysis
Time series analysis might sound complex, but at its core, it’s about understanding patterns in your past data to better predict future demand
Regression Analysis
Demand forecasting involves predicting future sales to help businesses plan more effectively. One common method is regression analysis, a statistical tool that helps identify the relationship between various factors and demand.
Exponential Soothing
Exponential smoothing is a forecasting method that blends recent actual sales with previous forecasts using a smoothing constant (alpha).