Demand Forecasting Best Practices

Demand Forecasting Best Practices is a comprehensive professional book aimed at demand forecasting professionals, including demand planners, S&OP managers, supply chain executives, and data scientists. Written by Nicolas Vandeput, this book provides a detailed step-by-step guide on the application of forecasting tools, metrics, and models, as well as stakeholder management techniques that work in a real business environment. Readers will learn how to lead a demand planning team, improve forecast quality while reducing workload, and more. Additionally, it covers methods for defining objectives, utilizing KPIs to track accuracy and bias, and identifying opportunities for process improvement. The book also explains what data should be collected and how various statistical and machine learning models can be used to optimize demand forecasting, thereby increasing value for the company.