IBF on Demand Episode 6 (19.5.20)
Sponsored by Arkieva, your one plan S&OP software. Learn more about Arkieva's approach to demand planning here: https://bit.ly/demand-management-reso...
Here I discuss Forecast Value Added (FVA) with special guest Sara Park, Vice President, Exec S&OP, Forecasting COE and Supply Chain Planning at The Coca-Cola Company. We discuss how to use FVA to determine which forecasting models, inputs, or activities are either adding value or are actually making it worse. This technique can be game-changer for your forecast accuracy.
08:00 Collaborating with other functions to get the inputs that are either helping or hurting
12:15 Knowing which functions help or hurt forecast accuracy
14:55 FVA at the item level
16:00 Getting started with FVA
17:28 FVA for mature organizations
19:19 What's a good FVA percentage?
22:50 Why FVA is better than MPE and MAPE
26:54 5 best practices when using FVA
Useful article on FVA: https://demand-planning.com/2018/02/1...
Find out more about IBF at www.ibf.org and www.demand-planning.com
Find out about Arkieva at www.arkieva.com
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