The Magic Of Forecast Value Added
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 accuracy14:55 FVA at the item level16:00 Getting started with FVA17:28 FVA for mature organizations19:19 What's a good FVA percentage?22:50 Why FVA is better than MPE and MAPE26:54 5 best practices when using FVAUseful article on FVA: https://demand-planning.com/2018/02/1...Find out more about IBF at www.ibf.org and www.demand-planning.comFind out about Arkieva at www.arkieva.comSupport the showTo sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org