{"id":7049,"date":"2018-06-22T08:40:49","date_gmt":"2018-06-22T12:40:49","guid":{"rendered":"https:\/\/demand-planning.com\/?p=7049"},"modified":"2018-06-22T08:45:06","modified_gmt":"2018-06-22T12:45:06","slug":"what-are-the-benchmarks-in-retail-forecasting-accuracy","status":"publish","type":"post","link":"https:\/\/demand-planning.com\/2018\/06\/22\/what-are-the-benchmarks-in-retail-forecasting-accuracy\/","title":{"rendered":"Ask Dr. Jain: What Are The Forecast Accuracy Benchmarks In Retail?"},"content":{"rendered":"<span class=\"cb-itemprop\" itemprop=\"reviewBody\"><h2>Question:<\/h2>\n<p>Dear Dr. Jain,<\/p>\n<p>What are the benchmarks in forecast accuracy in the retail industry, specifically for companies that use JDA Demand software?<\/p>\n<h2>Answer<\/h2>\n<div class=\"yj6qo ajU\">\n<p style=\"font-weight: 400;\">These are benchmarks of forecast errors in the retail industry, based on the last five years of IBF surveys. Numbers represent the total industry, and not those of who use just JDA. Because of few observations in each survey, we have to combine the numbers.<\/p>\n<table style=\"font-weight: 400;\">\n<tbody>\n<tr>\n<td width=\"125\"><strong>Level<\/strong><\/td>\n<td width=\"125\"><strong>1 Month Ahead<\/strong><\/td>\n<td width=\"125\"><strong>2 Months Ahead<\/strong><\/td>\n<td width=\"142\"><strong>1 Quarter Ahead<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"125\">SKU<\/p>\n<p>Category<\/p>\n<p>Aggregate<\/td>\n<td width=\"125\">30%<\/p>\n<p>18%<\/p>\n<p>9%<\/td>\n<td width=\"125\">34%<\/p>\n<p>20%<\/p>\n<p>9%<\/td>\n<td width=\"142\">33%<\/p>\n<p>25%<\/p>\n<p>8%<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>I hope this helps.<\/p>\n<p><strong>Dr. Chaman Jain,<\/strong><\/p>\n<p><strong>St. John\u2019s University<\/strong><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/span>","protected":false},"excerpt":{"rendered":"<p>Question: Dear Dr. Jain, What are the benchmarks in forecast accuracy in the retail industry, specifically for companies that use JDA Demand software? Answer These are benchmarks of forecast errors in the retail industry, based on the last five years of IBF surveys. Numbers represent the total industry, and not those of who use just [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":7050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[69,70],"class_list":{"0":"post-7049","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-kpis-metrics","8":"tag-forecast-accuracy","9":"tag-forecast-error"},"_links":{"self":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/posts\/7049"}],"collection":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/comments?post=7049"}],"version-history":[{"count":0,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/posts\/7049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/media\/7050"}],"wp:attachment":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/media?parent=7049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/categories?post=7049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/tags?post=7049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}