July 17, 2023
How to structure a Demand Plan?
In this video, we discuss how to structure a demand plan. We look at the different dimensions, hierarchies, levels, attributes, and measures that can be used to structure a demand plan. We also discuss the importance of having a logical hierarchy and attributes that provide extra business insight.
The structure of a demand plan is important for a number of reasons. First, it allows planners to analyze and answer business questions more easily. Second, it helps to ensure that the data is accurate and consistent. Third, it makes it easier to collaborate with other stakeholders.
There are a number of different dimensions that can be used to structure a demand plan. Some common dimensions include item, sales domain, time, organization, channel, demand type, distribution network, and suppliers.
Hierarchies are used to define how dimension data is stored and displayed. Multiple hierarchies can exist in each dimension. This allows planners to view the data at different levels of granularity.
Levels are the groupings that make up the structure of each hierarchy. For example, the product category hierarchy might have the following levels: item, group, product category, and all products.
Attributes can be attached to level members to provide extra business insight. For example, a product might have the attributes of weight, color, and life cycle status.
Measures are the data streams that are stored in a demand plan. Typical demand planning measures include sales history, consensus forecast, and forecast accuracy.
The structure of a demand plan is an important part of the demand planning process. By carefully considering the different dimensions, hierarchies, levels, attributes, and measures, planners can create a demand plan that is accurate, consistent, and easy to use.u003cbru003e
