We choose a particular forecasting method because we think it will work reasonably well and generate promising forecasts but we must expect that there will be error in our forecasts. This KPI is absolutely critical because the more accurate your forecasts, the more profit the company makes and the lower your operational costs. ![]() Here are 8 highly effective metrics that allow you to track your forecast performance, complete with their formulas. Without KPIs, it is impossible to improve forecast accuracy. He holds a PhD in forecasting and supply chain management and has is widely published in many industry and academic journals. ![]() He has also held positions as head of sales and marketing for Gloria Jean’s Coffees and Domino’s Pizza for the Cyprus market. Before that, he worked for one of the biggest distribution and 3PL organizations in the Middle East, Transmed Overseas, directly managing supply chain operations for companies such as P&G, Clorox, Danone, Kellogg’s and Duracell. Before joining Muscat University as senior lecturer in the Faculty of Transport & Logistics, Can worked as a consultant (Middle East & Africa) for a Netherlands-based inventory optimization company.
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