August 3, 2023
How do we measure a Demand Plan?
In this video, we'll explain how to measure a demand plan using the 5 elements of time, level, cycle, data, and calculation. These elements are used to benchmark current performance against targets and to identify areas for improvement. By measuring the demand plan, businesses can reduce stockouts, improve fill rates, and increase customer satisfaction.
We'll start by explaining the 5 elements of time, level, cycle, data, and calculation. Then, we'll provide examples of how to measure a demand plan using these elements. Finally, we'll discuss the benefits of measuring a demand plan.
Here are some of the benefits of measuring your demand plan:u003cbru003e- You can benchmark your current performance against targets and identify areas for improvement.u003cbru003e- You can reduce stockouts and improve fill rates.u003cbru003e- You can increase customer satisfaction.u003cbru003e- You can make better decisions about inventory levels and production capacity.u003cbru003e- You can improve your forecasting accuracy.
If you're serious about improving your demand planning process, then you need to start by measuring your demand plan. This video will give you the information you need to get started.
