4 Demand Forecasting KPIs

Forecast Accuracy %

Indicates how close the forecasted demand was to the actual demand.

Forecast Bias #

Represents the tendency of the forecasts to consistently be higher or lower than the actual demand.

Mean Absolute Percentage Error %

Mean Absolute Percentage Error (MAPE) provides an average of the absolute percentage errors in the forecast.

Rate of Stockouts Due to Forecast Inaccuracy %

Measures the number of times stockouts occurred due to errors in demand forecasting.