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One number forecasting or number one attitude?Supply Chain Planning
Are you focused on one number forecasting? Some companies swear by it while others take a different approach. The Institute of Business Forecasting & Planning said, “The idea is that a one number forecast creates alignment and that the whole company works to the same set of assumptions. But some say it creates more risk, and others say the idea of companies working to a one number is really just a myth.” An attitude shift instead to focus on working together to solve the same problem could potentially work just as well. Instead of choosing just one number, deciding on a range to strive for might be a healthier and more realistic option.
The One Number Forecasting Debate
If you mean that you are generating the same baseline forecast for the entire company and translating it for other functions using the same set of assumptions or analysis – the answer is yes, you want that!A one number attitude company has the same data and base assumptions and coordinates best prRead the article