4 Demand Forecasting KPIs
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.