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Do You Know These Financial Metrics?Demand Planning
When it comes down to the bottom line, your decisions have financial impacts. The Institute of Business Forecasting & Planning said, “The profit and loss statement often gets the most attention, since it shows the revenue, the cost of goods sold, and the period costs and profit of the company.” Demand and supply planners should know gross profit so they can be familiar with the profit structure and profit realized in sales. Finally, EBITDA is, “earnings before interest, tax, depreciation, and amortization” It’s a great metrics to look at when planning for the future. Forecasting and planning financially is instrumental in continuing a business’s success in the future and knowing these terms to plan and collaborate is beneficial.
4 Financial Metrics Every Demand & Supply Planner Should Know
Demand and supply planners are supporting decision-making efforts that have financial ramifications for the company. The company has many stakeholders who have a financial interest in the company with whom the management must communicate and interact. So, finance is an important skill and language for those who are leaders in the demand planning and supply planning efforts.Read the article