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Former Member

Stat forecast Model selection in DP

Hello experts,

I have few queries related to DP namely what is Statistical Forecast, what is consensus forecast.

i usually get forecast from demand planner in excel sheet. it has contents such as FC (3 months), depots, SKU, sale.

i deduct sale from current month FC and keep the rest two moth FC as it is and load into the system i.e. DP. so actually i want to know the FC which i am loading is either Stat or consensus Fc and what is the difference between two???

Another part is...as described earlier FC is given by demand planner which is nothing but a manual activity. i have heard that APO DP itself can generate FC automatically by giving certain necessary input, so what are that inputs.?.pls give me step by step procedure to do that as i am completely a rookie in this field.

Also there are some FC models in DP, so i want to know how many models are there, which models to be used where, and as per my above description can you tell me which models we are using or which FC model to be used so that i can generate FC through system only and can map against the demand planner's FC, so its as close to it and will reduce manual activity of Forecasting...pls help...

Thanks in advance..

Regards,

jigar

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1 Answer

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    Former Member
    Jan 10, 2012 at 10:20 PM

    Hi Jigar,

    STAT FCST: By definition, Statistical forecast is projection of sales in the future based in past sales using statistical methods.

    CONS FCST: In general, combination of forecasts derived using different forecasting methods. Again different companies may have different definition for cons fcst bepending on the understanding.

    You can go thru below link to understand SAP APO Demand Planning.

    http://help.sap.com/saphelp_scm70/helpdata/en/8f/9d6937089c2556e10000009b38f889/frameset.htm

    You should be able to find different forecasting methods under demand planning process.

    Regards,

    Harshil Desai

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