799-301 Chapter 05

72 60 65 55 10 15 15 80 85 75 40 45 35

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Unformatted text preview: 4.5 = 2.12 WHY??? FORECAST ACCURACY •  Mean Absolute Devia8on 120 160 200 180 125 165 205 185 125 155 205 175 •  Mean Absolute Percentage Error 40 / 2330 20 25 25 40 / 270 (MAD) 200 340 205 345 205 335 (MAPE) 600 605 605 530 535 525 20 25 25 10 15 15 30 35 25 = 1.72% 60 65 55 10 15 15 80 85 75 40 45 35 = 14.81% •  Mean Square Error •  Running Sum of Forecast Errors 40 0 TRACKING SIGNAL = (MSE) (RSFE) RSFE / MAD CPFR Collabora8ve Planning, Forecas8ng, and Replenishment •  VICS – Voluntary Inter- industry Commerce Standards •  Approach to address requirements for good demand management •  Benefits –  –  –  –  –  –  –  –  ...
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This document was uploaded on 03/11/2014 for the course SUPPLY CHA 91 at NYU.

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